tiprankstipranks
Advertisement
Advertisement

Currys tightens share base with latest buy-back tranche

Story Highlights
  • Currys repurchased 439,609 shares for cancellation at an average 148.36p, cutting its share count to about 1.11 billion shares.
  • The buy-back marginally increases existing investors’ ownership and updates Currys’ total voting rights for UK disclosure calculations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Currys tightens share base with latest buy-back tranche

Claim 30% Off TipRanks

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

Currys plc has continued its previously announced share buy-back programme, repurchasing 439,609 ordinary shares on 3 March 2026 at an average price of 148.36 pence per share for cancellation. The transaction, executed through Panmure Liberum, reduces the company’s share count to 1,106,421,687 ordinary shares in issue, with no shares held in treasury.

The reduced number of shares outstanding tightens Currys’ equity base and may enhance earnings per share over time, while also slightly increasing existing investors’ proportional ownership. The updated total voting rights figure provides the new reference point for shareholders assessing disclosure thresholds under UK transparency rules, underscoring ongoing capital management actions at the electronics retailer.

The most recent analyst rating on (GB:CURY) stock is a Buy with a £179.00 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 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 GB:CURY stock, click here.

More about Currys plc

Currys plc is a UK-based consumer electronics and electrical goods retailer, operating large-format stores and online channels focused on household appliances, computing, mobile and related services. The group targets mass-market consumers across the UK and selected international markets, competing with both specialist chains and general merchandise retailers in a highly promotional sector.

Average Trading Volume: 4,268,655

Technical Sentiment Signal: Buy

Current Market Cap: £1.62B

Find detailed analytics on CURY stock on TipRanks’ Stock Analysis 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