Currys (LON:CURY) Given Buy Rating at Berenberg Bank

Currys (LON:CURY)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 125 ($1.62) target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 42.57% from the stock’s previous close.

Separately, Shore Capital reissued a “not rated” rating on shares of Currys in a research report on Thursday, January 16th.

Currys Stock Up 1.8 %

Shares of CURY stock traded up GBX 1.53 ($0.02) during mid-day trading on Friday, reaching GBX 87.68 ($1.13). 334,507 shares of the company’s stock traded hands, compared to its average volume of 5,439,436. Currys has a 12 month low of GBX 56.60 ($0.73) and a 12 month high of GBX 101.60 ($1.31). The company has a market cap of £952.83 million, a P/E ratio of 4.81 and a beta of 1.31. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83. The company’s 50-day moving average price is GBX 92.21 and its 200-day moving average price is GBX 87.03.

Currys (LON:CURY) last issued its earnings results on Thursday, December 12th. The company reported GBX (0.70) (($0.01)) earnings per share for the quarter. Currys had a return on equity of 9.53% and a net margin of 2.38%. On average, equities analysts expect that Currys will post 9.5199569 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Octavia Morley bought 35,000 shares of Currys stock in a transaction that occurred on Tuesday, January 28th. The stock was bought at an average cost of GBX 90 ($1.16) per share, with a total value of £31,500 ($40,718.72). Insiders own 10.33% of the company’s stock.

Currys Company Profile

Currys plc is a leading omnichannel retailer of technology products and services, operating online and through over 800
stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us.

In the UK & Ireland we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece.