Analysts see Currys profit upgrades after strong sales growth

What Brokers Say Retail & Consumer Written by: Ian Lyall 10:00 Thu 10 Sep 2026 --> Edited by: Jamie Ashcroft Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Currys PLC ( LSE:CURY ) View Price & Profile Analysts see Currys profit upgrades after strong sales growth Published: 10:00 10 Sep 2026 BST Currys PLC (LSE:CURY) corporate broker Panmure Liberum maintained its 'buy' rating and 200p target price, saying the strong start to the financial year created meaningful upgrade potential because of the group's high operational gearing. The broker estimated that each one percentage point increase in like-for-like (LFL) sales across the UK, Ireland and the Nordics would add around £12.5 million to group profit, equivalent to 6.5% of financial year 2026 adjusted pre-tax profit. Panmure said the UK and Ireland business had gained market share in all major categories despite a broadly flat market, with growth supported by new categories, business-to-business sales and higher-margin recurring services. In the Nordics, the broker said sales growth was broad-based across stores and online. With UK and Ireland LFL revenue up 6% and Nordic LFL revenue up 9% in the first 17 weeks, Panmure said the acceleration represented a meaningful step-change in trading and created significant earnings upside. Peel Hunt, the mid-market broker, also maintained its 'buy' rating for Currys with a 182p target price, and said it expected to push through a profit forecast upgrade of between 1% and 3% on the strength of the figures. Peel Hunt noted that the first half of the financial year typically represents only 10% to 15% of full-year profit, and said significant delivery over the peak trading period was required before larger upgrades could be justified. The investment bank highlighted that the shares traded on fewer than 10 times forecast earnings, while Panmure Liberum's valuation showed a 10.3 times 2027 price-to-earnings multiple. Continue reading