Currys (LON:CURY) Insider Sells £221,483.64 in Stock

Currys plc (LON:CURY) insider Bruce Marsh sold 135,051 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of GBX 164, for a total transaction of £221,483.64.

Bruce Marsh also recently made the following trade(s):

• On Monday, August 3rd, Bruce Marsh sold 56,938 shares of Currys stock. The shares were sold at an average price of GBX 164, for a total transaction of £93,378.32.
• On Tuesday, July 28th, Bruce Marsh sold 937,215 shares of Currys stock. The stock was sold at an average price of GBX 165, for a total transaction of £1,546,404.75.

Currys Stock Down 0.8%

CURY stock traded down GBX 1.30 on Tuesday, reaching GBX 163. 54,922,469 shares of the company traded hands, compared to its average volume of 17,470,211. The company has a debt-to-equity ratio of 39.53, a current ratio of 0.89 and a quick ratio of 0.29. The firm has a fifty day simple moving average of GBX 157.01 and a 200-day simple moving average of GBX 144.97. Currys plc has a one year low of GBX 106 and a one year high of GBX 169.50. The company has a market cap of £1.69 billion, a P/E ratio of 11.24 and a beta of 1.26.

Currys (LON:CURY) last released its earnings results on Thursday, July 2nd. The company reported GBX 13.40 EPS for the quarter. Currys had a return on equity of 7.10% and a net margin of 1.78%. Research analysts anticipate that Currys plc will post 9.5199569 earnings per share for the current year.

Currys announced that its board has approved a stock repurchase plan on Thursday, July 2nd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Currys to an “outperform” rating and lowered their price objective for the company from GBX 180 to GBX 165 in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 155 target price on shares of Currys in a report on Wednesday, May 20th. Berenberg Bank reissued a “buy” rating and issued a GBX 210 price objective on shares of Currys in a report on Tuesday, July 14th. Finally, Citigroup upped their price objective on Currys from GBX 168 to GBX 184 and gave the stock a “buy” rating in a research note on Friday, July 3rd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 178.50.

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.