Currys (LON:CURY) Sets New 52-Week High – Should You Buy?

Shares of Currys plc (LON:CURY) hit a new 52-week high on Monday . The stock traded as high as GBX 194.20 and last traded at GBX 149.10, with a volume of 3355637 shares trading hands. The stock had previously closed at GBX 150.38.

Wall Street Analysts Forecast Growth

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

Currys Stock Performance

The company has a debt-to-equity ratio of 39.53, a quick ratio of 0.29 and a current ratio of 0.89. The stock has a 50 day moving average of GBX 159.24 and a 200 day moving average of GBX 146.95. The stock has a market capitalization of £1.54 billion, a P/E ratio of 10.27 and a beta of 1.26.

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

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

Insider Transactions at Currys

In other Currys news, insider Alex Baldock sold 1,742,877 shares of the company’s 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 £2,875,747.05. Also, insider Bruce Marsh sold 135,051 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of GBX 164, for a total value of £221,483.64. Over the last 90 days, insiders have sold 2,872,081 shares of company stock worth $473,701,376. Company insiders own 15.38% 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. 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.