Currys (LON:CURY) Trading Up 10% on Analyst Upgrade

Shares of Currys plc (LON:CURY) were 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. Approximately 565,698,688 shares changed hands during trading, an increase of 6,247% from the average daily volume of 8,913,231 shares. The stock had previously closed at GBX 126.60.

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

Key Headlines Impacting 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 Price Performance

The firm has a market cap of £1.36 billion, a P/E ratio of 13.62 and a beta of 1.31. The firm’s fifty day simple moving average is GBX 134.09 and its 200 day simple moving average is GBX 126.59. 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 (LON:CURY) last issued its earnings results on Thursday, December 18th. The company reported GBX 1.60 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, analysts forecast that Currys plc will post 9.5199569 earnings per share for the current year.

Currys announced that its Board of Directors has initiated a stock buyback program on Thursday, September 4th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.