Bruce Marsh Sells 937,215 Shares of Currys (LON:CURY) Stock

Currys plc (LON:CURY) insider Bruce Marsh sold 937,215 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 165, for a total value of £1,546,404.75.

Currys Price Performance

Shares of CURY traded up GBX 3 on Wednesday, hitting GBX 168. The company’s stock had a trading volume of 90,089,453 shares, compared to its average volume of 17,466,945. The company has a market capitalization of £1.74 billion, a PE ratio of 11.59 and a beta of 1.26. Currys plc has a fifty-two week low of GBX 106 and a fifty-two week high of GBX 169.41. The company has a 50 day moving average price of GBX 155.15 and a 200 day moving average price of GBX 143.90. The company has a debt-to-equity ratio of 39.53, a current ratio of 0.89 and a quick ratio of 0.29.

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

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on CURY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 155 target price on shares of Currys in a research report on Wednesday, May 20th. Royal Bank Of Canada raised Currys to an “outperform” rating and lowered their target price for the stock from GBX 180 to GBX 165 in a research note on Tuesday, June 16th. Citigroup lifted their price target on shares of Currys from GBX 168 to GBX 184 and gave the company a “buy” rating in a report on Friday, July 3rd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 price objective on shares of Currys in a research note on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Currys has an average rating of “Buy” and an average price target of GBX 178.50.

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. 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.