Berenberg Bank Boosts Currys (LON:CURY) Price Target to GBX 215

Currys (LON:CURY) had its target price boosted by research analysts at Berenberg Bank from GBX 210 to GBX 215 in a note issued to investors on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 49.88% from the stock’s current price.

Separately, Citigroup upped their target price on shares of Currys from GBX 150 to GBX 166 and gave the company a “buy” rating in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 170.33.

Currys Stock Up 6.3%

CURY stock opened at GBX 143.45 on Wednesday. The company’s 50-day moving average price is GBX 128.96 and its 200 day moving average price is GBX 127.59. The company has a market cap of £1.51 billion, a P/E ratio of 12.37 and a beta of 1.31. The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. Currys has a 52 week low of GBX 83.95 and a 52 week high of GBX 147.20.

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

Currys News Roundup

Here are the key news stories impacting Currys this week:

• Positive Sentiment: Currys upgraded its profit outlook after stronger-than-expected Christmas trading and said festive demand helped it gain market share — a near-term sales and margin beat that underpins the upward revision. Currys upgrades profit outlook after strong Christmas trading
• Positive Sentiment: Multiple outlets report Currys has boosted its profit outlook after robust festive trading, signaling better-than-expected demand and execution across channels. This is the principal driver of today’s share move. Currys boosts profit outlook after strong Christmas
• Positive Sentiment: The LSE/market coverage highlights Currys’ market-share pickup during the festive period and reiterates the company has raised guidance — supporting momentum for near-term earnings upgrades. Currys ups outlook as picks up market share in strong festive trading
• Positive Sentiment: Berenberg raised its price target on Currys from GBX 210 to GBX 215 and assigned a “buy” rating — a broker upgrade that can attract additional investor interest. Digital Look – Broker Ratings (Berenberg)
• Neutral Sentiment: Shore Capital reaffirmed a “no recommendation” stance on the stock — neutral broker action that neither amplifies nor counters the upgrade-driven momentum. Tickerreport – Shore Capital note

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.