Currys - yet another Upgrade shows shares to offer big Upside, now 143p, brokers TP 200p

Mark Watson-Mitchell - 19.05.2026

Seven weeks ago, upon the news of its CEO stepping down, this electrical retailer's shares were as low as 119p.

At that time, Thursday 26^th March, that was something of a shock announcement from Currys (LON:CURY).

The then £1.2bn-

capitalised electricals retailer declared that Group Chief Executive Alex Baldock will step down after eight years to pursue a new external opportunity, with the board initiating a search for his successor.

The company confirmed that trading remained in line with expectations, and that it continued to anticipate Group adjusted profit before tax between £180m and £190m, representing an 11-17% year-on-year increase.

This morning, the Group announced a strong trading update for the year to Saturday, 2nd May, with group like-for-like sales growth of 4% for the full year.

The company now expects full-year adjusted profit before tax to be around £191m, an 18% year-on-year increase and ahead of previous guidance.

Currys returned £74m to shareholders and finished the year with over £170m in net cash.

Both the UK & Ireland and Nordics regions showed positive performance, with the Nordics experiencing particularly strong growth driven by market share gains and new categories.

The company went on to state that the process to appoint a new Group Chief Executive is progressing well.

Well, that Upgrade certainly inspired the Group's shares, rising to 145.40p at the best, and now eased off to just 143.30p, but still up 16.90p on the day - a 13.45% price gain.

Analysts Wayne Brown, Ben Hunt and Anubhav Malhotra at Panmure Liberum reiterated their Buy stance on the shares, with a 200p Target Price.

They now look for the 2026 results to show £9,070m (£8,706m) sales, with pre-tax profits of £190.7m (£162.0m), jacking the earnings up to 13.8p (11.3p) and almost doubling the dividend to 2.6p (1.5p) per share.

My View

This group's shares continue to hold strong attractions, even at the increased 143p level.

They still offer good Upside!

(Profile 10.07.23 @ 49p set a Target Price of 61p*)

(Profile 18.12.23 @ 50.05p set a Target Price range of 61p-65p*)

(Profile 21.01.26 @ 125.40p set a Target Price at 155p*)

(Profile 19.02.26 @ 155.90p set a Target Price of 190p)