Currys (LON:CURY) Raised to “Outperform” at Royal Bank Of Canada

Currys (LON:CURY) was upgraded by research analysts at Royal Bank Of Canada to an “outperform” rating in a research report issued on Tuesday,London Stock Exchange reports. The brokerage currently has a GBX 165 price target on the stock, down from their previous price target of GBX 180. Royal Bank Of Canada’s price target points to a potential upside of 7.35% from the company’s previous close.

A number of other research analysts have also issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 210 price objective on shares of Currys in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 155 price target on shares of Currys in a report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 174.

Currys Stock Performance

Shares of LON CURY traded up GBX 3.50 during midday trading on Tuesday, hitting GBX 153.70. The company’s stock had a trading volume of 10,568,577 shares, compared to its average volume of 18,595,678. The company has a debt-to-equity ratio of 40.08, a quick ratio of 0.29 and a current ratio of 0.87. The firm’s fifty day moving average price is GBX 136.49 and its 200-day moving average price is GBX 137.39. Currys has a 1-year low of GBX 106 and a 1-year high of GBX 162.80. The firm has a market cap of £1.60 billion, a P/E ratio of 13.25 and a beta of 1.27.

Trending Headlines about Currys

Here are the key news stories impacting Currys this week:

• Neutral Sentiment: No meaningful Currys plc operating, earnings, trading, or strategic news was included in the latest headlines; the company-specific stock move is therefore likely being driven by broader market factors or unrelated sentiment.
• Neutral Sentiment: Most of the headlines reference Stephen Curry, Seth Curry, or filmmaker Curry Barker, which are not connected to Currys plc and should not be interpreted as a business catalyst for CURY.

About Currys

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. In each of
these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services
and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them,
throughout their lives.