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Currys plc ( (GB:CURY) ) just unveiled an update.
Currys plc announced a share buy-back transaction where it purchased 1,176,557 ordinary shares for cancellation, following shareholder approval at its recent Annual General Meeting. This move reduces the total number of shares in issue to 1,119,706,105, potentially increasing the value of remaining shares and impacting shareholder voting rights.
The most recent analyst rating on (GB:CURY) stock is a Hold with a £150.00 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 shows a positive financial trajectory with strong cash flow and improved leverage, contributing significantly to the score. The technical analysis indicates a bullish trend, though caution is advised due to overbought conditions. Valuation metrics suggest the stock is fairly priced, with a modest dividend yield.
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 consumer electronics and home appliances. The company is known for offering a wide range of products including televisions, computers, and kitchen appliances, catering to a diverse market of tech-savvy consumers and households.
Average Trading Volume: 2,978,019
Technical Sentiment Signal: Buy
Current Market Cap: £1.49B
Find detailed analytics on CURY stock on TipRanks’ Stock Analysis page.