Berenberg Bank Forecasts Strong Price Appreciation for Currys (LON:CURY) Stock

Currys (LON:CURY) had its target price increased by analysts at Berenberg Bank from GBX 125 ($1.61) to GBX 175 ($2.26) in a research note issued on Friday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 75.00% from the company’s current price.

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

Currys Trading Down 2.2 %

Shares of LON CURY opened at GBX 100 ($1.29) on Friday. The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. The firm has a market capitalization of £1.09 billion, a PE ratio of 5.49 and a beta of 1.31. The business has a 50-day moving average price of GBX 92.45 and a two-hundred day moving average price of GBX 88.25. Currys has a one year low of GBX 59.50 ($0.77) and a one year high of GBX 104.60 ($1.35).

Insider Transactions at Currys

In related news, insider Octavia Morley bought 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired at an average price of GBX 90 ($1.16) per share, for a total transaction of £31,500 ($40,618.96). 10.33% of the stock is currently owned by 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.