Berenberg Bank Increases Currys (LON:CURY) Price Target to GBX 92

Currys (LON:CURY) had its target price hoisted by Berenberg Bank from GBX 90 ($1.14) to GBX 92 ($1.17) in a report issued on Friday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 27.78% from the company’s previous close.

Several other brokerages also recently issued reports on CURY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 80 ($1.01) price objective on shares of Currys in a research report on Friday. Barclays reissued an “equal weight” rating and set a GBX 67 ($0.85) price objective on shares of Currys in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Currys has a consensus rating of “Moderate Buy” and a consensus price target of GBX 88.80 ($1.13).

Currys Price Performance

Shares of LON:CURY opened at GBX 72 ($0.91) on Friday. The company’s fifty day moving average price is GBX 71.13 and its 200 day moving average price is GBX 61.04. Currys has a 12 month low of GBX 43.02 ($0.55) and a 12 month high of GBX 81.30 ($1.03). The company has a debt-to-equity ratio of 72.32, a current ratio of 0.86 and a quick ratio of 0.29. The firm has a market capitalization of £813.60 million, a P/E ratio of 1,800.00 and a beta of 1.28.

About Currys

Currys plc operates as a retailer of technology products and services. It offers consumer electronics and mobile technology products and services; and mobile virtual network operator and consumer electrical repair services. The company also sells its products through online; and offers insurance services.