Currys (CURY)

Sector:

Retailers

Index:

FTSE 250

60.55p
   
  • Change Today:
      0.25p
  • 52 Week High: 68.70
  • 52 Week Low: 43.64
  • Currency: UK Pounds
  • Shares Issued: 1,133.49m
  • Volume: 5,529,324
  • Market Cap: £686.33m

Berenberg initiates coverage on Currys at 'hold'

By Iain Gilbert

Date: Thursday 15 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg initiated coverage on electrical retailer Currys, formerly Dixons Carphone, with a 'hold' rating and 70.0p target price on Thursday, stating it was waiting for a "milder backdrop".
Berenberg said that with "a credible strategy" to rebuild the profitability of its UK and Ireland business, an "underappreciated" Nordic presence, and a "sustainably stronger" balance sheet, there were several reasons to believe that there is upside to Currys' share price on a medium to long-term view.

However, given the group's exposure to the "increasingly difficult macroeconomic backdrop", the analysts remain cautious about the demand outlook for the sector and also noted that the group posted a double-digit like-for-like decline in key categories during the GFC in 2009.

"Our FY 2023 adjusted PBT forecast lies 7% below consensus. On our estimates, Currys trades on 9.3x CY 2023 EV/EBIT and 6.3x P/E," said the German bank.



Reporting by Iain Gilbert at Sharecast.com

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Currys Market Data

Currency UK Pounds
Share Price 60.55p
Change Today 0.25p
% Change 0.41 %
52 Week High 68.70
52 Week Low 43.64
Volume 5,529,324
Shares Issued 1,133.49m
Market Cap £686.33m

Currys Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.79% above the market average89.79% above the market average89.79% above the market average89.79% above the market average89.79% above the market average
84.21% above the sector average84.21% above the sector average84.21% above the sector average84.21% above the sector average84.21% above the sector average
Price Trend
40.00% above the market average40.00% above the market average40.00% above the market average40.00% above the market average40.00% above the market average
60.98% above the sector average60.98% above the sector average60.98% above the sector average60.98% above the sector average60.98% above the sector average
Income
27.02% above the market average27.02% above the market average27.02% above the market average27.02% above the market average27.02% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Growth
83.83% above the market average83.83% above the market average83.83% above the market average83.83% above the market average83.83% above the market average
90.00% above the sector average90.00% above the sector average90.00% above the sector average90.00% above the sector average90.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 3
Sell 2
Strong Sell 0
Total 8
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Currys Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Dec-22 04-Aug-22
Paid 27-Jan-23 16-Sep-22
Amount 1.00p 2.15p

Trades for 28-Mar-2024

Time Volume / Share Price
17:27 27,272 @ 61.25p
17:15 1,450,525 @ 60.83p
17:15 122,923 @ 61.45p
17:15 27,378 @ 60.89p
17:15 134,601 @ 60.73p

Currys Key Personnel

CEO Alex Baldock

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