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

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

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

Currys Stock Performance

LON CURY traded up GBX 1.53 ($0.02) on Friday, reaching GBX 87.68 ($1.13). 334,506 shares of the company’s stock traded hands, compared to its average volume of 5,439,436. The firm has a market cap of £952.83 million, a price-to-earnings ratio of 4.81 and a beta of 1.31. Currys has a fifty-two week low of GBX 56.60 ($0.73) and a fifty-two week high of GBX 101.60 ($1.31). The stock has a 50 day moving average price of GBX 92.21 and a 200-day moving average price of GBX 87.03. The company has a debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86.

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

Insider Buying and Selling

In other news, insider Octavia Morley acquired 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average price of GBX 90 ($1.16) per share, with a total value of £31,500 ($40,718.72). 10.33% of the stock is currently owned by company 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.