Currys (LON:CURY) Insider Sells £2,875,747.05 in Stock

Currys plc (LON:CURY) insider Alex Baldock sold 1,742,877 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 165, for a total transaction of £2,875,747.05.

Currys Stock Up 1.8%

Shares of LON CURY traded up GBX 3 during trading hours on Wednesday, hitting GBX 168. The company had a trading volume of 90,089,453 shares, compared to its average volume of 17,466,945. The stock has a market capitalization of £1.74 billion, a P/E ratio of 11.59 and a beta of 1.26. Currys plc has a 1-year low of GBX 106 and a 1-year high of GBX 169.41. The firm’s 50 day moving average is GBX 155.15 and its 200-day moving average is GBX 143.90. The company has a quick ratio of 0.29, a current ratio of 0.89 and a debt-to-equity ratio of 39.53.

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

Currys declared that its board has approved a share repurchase program on Thursday, July 2nd that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

CURY has been the topic of several research analyst reports. Citigroup upped their price objective on Currys from GBX 168 to GBX 184 and gave the company a “buy” rating in a research note on Friday, July 3rd. Berenberg Bank reissued a “buy” rating and set a GBX 210 target price on shares of Currys in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 155 target price on shares of Currys in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada raised Currys to an “outperform” rating and cut their price target for the company from GBX 180 to GBX 165 in a report on Tuesday, June 16th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently 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.