Currys plc Reports Strong Start to Year with Revenue Growth and New Share Buyback

Currys plc ( (GB:CURY) ) has issued an update.

Currys plc has reported a strong start to the financial year with a 3% increase in like-for-like revenue in the UK & Ireland and a 2% increase in the Nordics. The company is launching a £50 million share buyback program and plans to continue focusing on profitable sales and cost control. Currys is confident in its growth trajectory, particularly in new categories and services, and aims to reach at least 2.5 million iD Mobile subscribers by year-end. The company’s strategic focus on recurring revenue services and efficient capital allocation is expected to enhance shareholder returns and improve profitability.

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 in six countries. The company trades as Currys in the UK & Ireland, operates its own mobile virtual network, iD Mobile, and trades under the Elkjøp brand in the Nordics. Currys is a market leader in all its markets, serving all households and employing over 24,000 colleagues.

Average Trading Volume: 2,994,981

Technical Sentiment Signal: Buy

Current Market Cap: £1.2B

Find detailed analytics on CURY stock on TipRanks’ Stock Analysis page.