Berenberg Bank Reiterates “Buy” Rating for Currys (LON:CURY)

Currys (LON:CURY)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research note issued on Friday,Digital Look reports. They presently have a GBX 125 ($1.62) target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 42.57% from the company’s previous close.

Separately, Shore Capital reissued a “not rated” rating on shares of Currys in a research note on Thursday, January 16th.

Currys Price Performance

CURY stock traded up GBX 1.53 ($0.02) during trading on Friday, reaching GBX 87.68 ($1.13). 334,507 shares of the company were exchanged, compared to its average volume of 5,439,436. The company has a 50-day moving average of GBX 92.21 and a two-hundred day moving average of GBX 87.03. The company has a market capitalization of £952.83 million, a price-to-earnings ratio of 4.81 and a beta of 1.31. Currys has a twelve month low of GBX 56.60 ($0.73) and a twelve month high of GBX 101.60 ($1.31). The company has a debt-to-equity ratio of 45.83, a current ratio of 0.86 and a quick ratio of 0.29.

Currys (LON:CURY) last announced its quarterly earnings results on Thursday, December 12th. The company reported GBX (0.70) (($0.01)) earnings per share (EPS) for the quarter. Currys had a net margin of 2.38% and a return on equity of 9.53%. As a group, equities analysts predict that Currys will post 9.5199569 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Octavia Morley acquired 35,000 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was bought at an average cost of GBX 90 ($1.16) per share, for a total transaction of £31,500 ($40,718.72). 10.33% of the stock is currently owned by corporate insiders.

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.