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An announcement from Currys plc ( (GB:CURY) ) is now available.
Currys plc has announced the purchase and cancellation of 785,000 of its own ordinary shares as part of a share buy-back program authorized by shareholders. This move, executed through Panmure Liberum Limited, reduces the total number of shares in issue to 1,132,709,651, potentially enhancing shareholder value by increasing earnings per share and demonstrating confidence in the company’s financial health.
The most recent analyst rating on (GB:CURY) stock is a Buy with a £175.00 price target. To see the full list of analyst forecasts on Currys plc stock, see the GB:CURY Stock Forecast page.
Spark’s Take on GB:CURY Stock
According to Spark, TipRanks’ AI Analyst, GB:CURY is a Neutral.
Currys plc’s overall stock score is driven by its stable financial performance and attractive valuation. While technical indicators suggest weak momentum, the company’s strong cash flow and low P/E ratio provide a solid foundation. Profitability remains a concern, but the stock’s long-term support offers potential for recovery.
To see Spark’s full report on GB:CURY stock, click here.
More about Currys plc
Currys plc operates in the retail industry, primarily focusing on electronics and home appliances. The company is known for its wide range of consumer electronics, including computers, televisions, and kitchen appliances, catering to a broad market of tech-savvy consumers.
Average Trading Volume: 2,943,077
Technical Sentiment Signal: Buy
Current Market Cap: £1.17B
See more insights into CURY stock on TipRanks’ Stock Analysis page.