tiprankstipranks
Advertisement
Advertisement

Currys Reduces Share Count with Latest Buy-Back Transaction

Story Highlights
  • Currys repurchased 1,391,665 shares for cancellation on 31 March 2026, trimming its share capital.
  • Total shares in issue fall to 1,097,877,400, modestly boosting existing investors’ relative stakes and voting power.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Currys Reduces Share Count with Latest Buy-Back Transaction

Claim 30% Off TipRanks

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

Currys plc has continued its previously announced share buy-back programme, repurchasing 1,391,665 ordinary shares on 31 March 2026 at prices between 119.70p and 124.30p, with an average price of 123.20p. The shares, bought via Panmure Liberum, will be cancelled, reducing the total number of shares in issue to 1,097,877,400 and updating the company’s overall voting rights, a move that marginally enhances earnings per share and slightly increases existing shareholders’ relative ownership stakes.

The updated share count, with no shares held in treasury, now represents the total voting rights that investors should use when assessing disclosure thresholds under U.K. transparency rules. The transaction underscores Currys’ ongoing capital management strategy, signalling continued commitment to returning surplus capital to shareholders while potentially supporting the stock’s valuation in the market.

The most recent analyst rating on (GB:CURY) stock is a Buy with a £132.00 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 CURY Stock

According to Spark, TipRanks’ AI Analyst, CURY is a Outperform.

The score is driven primarily by improving financial performance (better growth, reduced leverage, and strong free cash flow), supported by a low P/E valuation. Technicals are positive due to a strong uptrend, but elevated RSI/Stoch levels indicate momentum is stretched, tempering the overall rating.

To see Spark’s full report on CURY stock, click here.

More about Currys plc

Currys plc is a U.K.-listed electronics and electricals retailer, operating a network of stores and online channels focused on consumer technology products and related services. The company targets mass-market consumers seeking household appliances, computing, telecoms and entertainment devices across its core markets.

Average Trading Volume: 4,584,647

Technical Sentiment Signal: Hold

Current Market Cap: £1.24B

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1