Currys (LON:CURY) Insider Sells £469,410.44 in Stock

Currys plc (LON:CURY) insider Bruce Marsh sold 321,514 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of GBX 146, for a total transaction of £469,410.44.

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

• On Wednesday, October 14th, Bruce Marsh sold 23,486 shares of Currys stock. The stock was sold at an average price of GBX 146, for a total transaction of £34,289.56.
• On Wednesday, October 14th, Bruce Marsh sold 155,000 shares of Currys stock. The stock was sold at an average price of GBX 146, for a total transaction of £226,300.
• On Monday, August 3rd, Bruce Marsh sold 135,051 shares of Currys stock. The stock was sold at an average price of GBX 164, for a total value of £221,483.64.
• On Monday, August 3rd, Bruce Marsh sold 56,938 shares of Currys stock. The stock was sold at an average price of GBX 164, for a total value of £93,378.32.
• On Tuesday, July 28th, Bruce Marsh sold 937,215 shares of Currys stock. The shares were sold at an average price of GBX 165, for a total value of £1,546,404.75.

Currys Stock Performance

Shares of CURY stock opened at GBX 152.80 on Friday. Currys plc has a fifty-two week low of GBX 116.70 and a fifty-two week high of GBX 169.50. The stock’s 50-day moving average is GBX 150.46 and its two-hundred day moving average is GBX 147.42. 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 market cap of £1.56 billion, a P/E ratio of 10.54 and a beta of 1.25.

Currys announced that its Board of Directors has approved a stock buyback plan on Thursday, July 2nd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Share repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CURY. Berenberg Bank reaffirmed a “buy” rating and set a GBX 210 price objective on shares of Currys in a research report on Thursday, September 10th. Citigroup lifted their target price on shares of Currys from GBX 168 to GBX 184 and gave the company a “buy” rating in a research note on Friday, July 3rd. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Currys presently has a consensus rating of “Buy” and an average 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.