Stock Buyback Program Declared by Currys (LON:CURY) Board

Currys (LON:CURY) announced that its board has initiated a stock repurchase plan on Thursday, July 2nd, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Currys Stock Down 1.3%

CURY traded down GBX 2.20 on Thursday, hitting GBX 161.40. The company had a trading volume of 8,704,786 shares, compared to its average volume of 18,955,936. The company has a debt-to-equity ratio of 40.08, a current ratio of 0.87 and a quick ratio of 0.29. Currys has a 52-week low of GBX 106 and a 52-week high of GBX 169.41. The firm has a market capitalization of £1.68 billion, a P/E ratio of 13.91 and a beta of 1.27. The stock has a fifty day simple moving average of GBX 142.87 and a 200-day simple moving average of GBX 139.73.

Currys (LON:CURY) last issued its quarterly earnings results on Thursday, July 2nd. The company reported GBX 13.40 earnings per share for the quarter. Currys had a return on equity of 5.88% and a net margin of 1.46%. As a group, equities analysts expect that Currys will post 9.5199569 EPS for the current fiscal year.

Analysts Set New Price Targets

CURY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 155 target price on shares of Currys in a research report on Wednesday, May 20th. Royal Bank Of Canada upgraded Currys to an “outperform” rating and cut their price objective for the stock from GBX 180 to GBX 165 in a report on Tuesday, June 16th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 210 price objective on shares of Currys in a report on Thursday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 174.

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.