Currys (LON:CURY) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Currys (LON:CURY) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft to a “buy” rating in a report issued on Tuesday, Marketbeat reports. The firm presently has a GBX 95 ($1.22) target price on the stock, up from their prior target price of GBX 80 ($1.02). Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 29.52% from the stock’s previous close.

A number of other analysts have also weighed in on CURY. Barclays reaffirmed an “equal weight” rating and issued a GBX 67 ($0.86) price objective on shares of Currys in a research note on Wednesday, May 15th. Berenberg Bank boosted their target price on shares of Currys from GBX 90 ($1.15) to GBX 92 ($1.18) and gave the stock a “buy” rating in a report on Friday, June 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 91.80 ($1.18).

Currys Stock Up 1.0 %

LON:CURY opened at GBX 73.35 ($0.94) on Tuesday. Currys has a 1-year low of GBX 43.02 ($0.55) and a 1-year high of GBX 81.30 ($1.04). The company has a 50-day moving average of GBX 72.69 and a 200 day moving average of GBX 62.29. The firm has a market cap of £828.86 million, a PE ratio of 1,833.75 and a beta of 1.28. The company has a debt-to-equity ratio of 72.32, a current ratio of 0.86 and a quick ratio of 0.29.

Insiders Place Their Bets

In other news, insider Steve Johnson bought 40,000 shares of Currys stock in a transaction on Tuesday, July 2nd. The stock was acquired at an average cost of GBX 73 ($0.94) per share, for a total transaction of £29,200 ($37,402.33). 18.47% of the stock is currently owned by corporate insiders.

Currys Company Profile

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.