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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Currys is looking strong ahead of key festive trading period

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Currys (CURY) 133.7p
Gain to date: 3.6%
Original entry point: Buy at 129p, 15 July 2021
Our bullish call on electrical goods retailer Currys (CURY) is modestly in the money. The shares started to move up on 4 November after the laptops-to-smart TVs seller unveiled a £75 million share buyback programme off the back of a robust sales performance and positive outlook.
Group like-for-like sales for the six months to 30 October were 1% lower year-on-year as the impact of lockdown and consumers buying computers for home working and gaming eased, but were up 15% compared to two years ago.
Looking ahead to the key Christmas period, Currys said it expects to deliver a ‘robust peak trading season’, having managed to mitigate supply chain and staffing issues.
‘We are on track to meet consensus expectations for full year 2021/22 pre-tax profit of £161 million,’ the retailer added.
The leader in a competitive market, Currys is a great way to gain exposure to the increasing role technology plays in all our lives and its balance sheet and free cash flow have strengthened significantly in recent years.
Liberum Capital argues the shares ‘remain far too cheap’ and upped its price target from 175p to 200p on the back of the encouraging update, implying there’s the best part of 50% upside on offer in the next 12 months.
SHARES SAYS: Stick with Currys as its sharper focus should soon pay off.
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