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RBC upgrades Currys to 'outperform' as it shifts to multi-year growth with strong cash returns.

Analyst Insights
16 Jun 2026
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Bullish
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RBC Capital Markets upgraded Currys PLC to 'outperform' from sector perform, raising its price target to 180p from 165p. The broker highlighted Currys' transition from a recovery phase to a multi-year growth compounder, expecting a 3% operating margin by 2028, five years earlier than previously forecast. Growth drivers include market share gains in the UK and Ireland, strong mobile sales, and margin improvements in the Nordics. RBC also values Currys' mobile network, iD Mobile, highly and anticipates benefits from a £50 million share buyback program over the next two years. Currys is set to report full-year results on 2 July, with recent trading described as very solid and no impact yet from geopolitical conflicts.

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