Currys (LON:CURY) Price Target Raised to GBX 150

Currys (LON:CURY) had its target price lifted by investment analysts at Citigroup from GBX 121 ($1.62) to GBX 150 ($2.01) in a report issued on Tuesday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 29.20% from the company’s current price.

A number of other brokerages have also issued reports on CURY. Berenberg Bank reiterated a “buy” rating and set a GBX 175 ($2.35) price target on shares of Currys in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 130 ($1.74) price objective on shares of Currys in a research note on Friday, July 4th. Finally, Shore Capital reissued a “no recommendation” rating on shares of Currys in a research note on Thursday, July 3rd.

Currys Trading Down 1.2%

Shares of CURY stock opened at GBX 116.10 ($1.56) on Tuesday. 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 has a 1 year low of GBX 71.60 ($0.96) and a 1 year high of GBX 130.18 ($1.75). The stock has a fifty day moving average of GBX 122.02 and a two-hundred day moving average of GBX 104.33. The firm has a market capitalization of £1.26 billion, a PE ratio of 6.37 and a beta of 1.31.

Currys (LON:CURY) last announced its quarterly earnings results on Thursday, July 3rd. The company reported GBX 10 ($0.13) earnings per share (EPS) for the quarter. Currys had a return on equity of 9.53% and a net margin of 2.38%. As a group, research analysts expect that Currys will post 9.5199569 EPS for the current year.

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.