Currys (LON:CURY) Shares Up 10% After Analyst Upgrade

Currys plc (LON:CURY)’s share price shot up 10% during trading on Thursday after Berenberg Bank raised their price target on the stock from GBX 200 to GBX 210. Berenberg Bank currently has a buy rating on the stock. Currys traded as high as GBX 146 and last traded at GBX 139.26. 565,698,688 shares were traded during mid-day trading, an increase of 6,247% from the average session volume of 8,913,231 shares. The stock had previously closed at GBX 126.60.

Separately, Citigroup upped their price objective on Currys from GBX 150 to GBX 166 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 168.67.

Trending Headlines about Currys

Here are the key news stories impacting Currys this week:

• Positive Sentiment: Berenberg raised its price target on Currys from GBX 200 to GBX 210 and kept a “buy” rating — a clear vote of confidence from a broker that can support longer‑term upside. Digital Look
• Neutral Sentiment: Currys published its quarterly results (GBX 1.60 EPS for the quarter), with a net margin of 2.38% and ROE of 9.53%; management hosted a conference call and slide deck is available — the print provides transparency but did not produce a clear catalyst to reverse the intra‑day selloff. Earnings & Call
• Neutral Sentiment: A large portion of the incoming news in the feed is sport/celebrity related (stories about Stephen Curry, Devin Booker, sneaker talk) and is unlikely to affect Currys plc’s retail fundamentals or investor sentiment materially. Example: coverage of Stephen Curry’s sneaker free agency. Article Title
• Negative Sentiment: Balance-sheet and liquidity metrics remain a potential concern for some investors: debt-to-equity ≈ 45.8, current ratio 0.86 and quick ratio 0.29 — low short‑term liquidity can amplify negative reactions to mixed earnings and constrain market confidence.

Currys Stock Performance

The stock has a 50 day moving average of GBX 134.09 and a 200 day moving average of GBX 126.59. The company has a market capitalization of £1.36 billion, a price-to-earnings ratio of 13.62 and a beta of 1.31. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83.

Currys (LON:CURY) last released its quarterly earnings results on Thursday, December 18th. The company reported GBX 1.60 earnings per share (EPS) for the quarter. Currys had a net margin of 2.38% and a return on equity of 9.53%. As a group, analysts predict that Currys plc will post 9.5199569 EPS for the current year.

Currys announced that its board has authorized a stock buyback program on Thursday, September 4th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.