Currys plc Launches £50 Million Share Buyback Program

Currys plc ( (GB:CURY) ) just unveiled an update.

Currys plc has announced a £50 million share buyback program to return surplus capital to shareholders and reduce share capital while maintaining financial flexibility for ongoing operations. The program, facilitated by Panmure Liberum, will be conducted through open market transactions and is expected to conclude by April 2026, subject to market conditions. This strategic move is part of Currys’ broader plan to enhance shareholder value following its triennial pension review.

The most recent analyst rating on (GB:CURY) stock is a Hold with a £120.00 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 is a leading omnichannel retailer of technology products and services, operating online and through 708 stores across six countries. The company is a market leader in the UK, Ireland, and the Nordics, trading under the Currys and Elkjøp brands. Currys also operates its own mobile virtual network, iD Mobile, in the UK. The company is committed to sustainability, aiming for net zero emissions by 2040, and offers a range of services including technology repair, recycling, and reuse.

Average Trading Volume: 2,994,981

Technical Sentiment Signal: Buy

Current Market Cap: £1.2B

For an in-depth examination of CURY stock, go to TipRanks’ Overview page.