Currys (LON:CURY) Trading 10.5% Higher – Should You Buy?

Currys plc (LON:CURY)’s stock price traded up 10.5% during mid-day trading on Thursday . The company traded as high as GBX 120.70 ($1.56) and last traded at GBX 98.31 ($1.27). 14,405,310 shares changed hands during trading, an increase of 188% from the average session volume of 5,008,034 shares. The stock had previously closed at GBX 88.95 ($1.15).

Analysts Set New Price Targets

A number of research firms have commented on CURY. Shore Capital restated a “not rated” rating on shares of Currys in a research note on Thursday, January 16th. Berenberg Bank increased their price target on Currys from GBX 125 ($1.61) to GBX 175 ($2.26) and gave the stock a “buy” rating in a research note on Friday.

Currys Stock Performance

The firm has a market capitalization of £1.09 billion, a PE ratio of 5.49 and a beta of 1.31. The company has a debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86. The business’s fifty day simple moving average is GBX 92.45 and its 200-day simple moving average is GBX 88.18.

Insider Buying and Selling

In related news, insider Octavia Morley acquired 35,000 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was acquired at an average price of GBX 90 ($1.16) per share, with a total value of £31,500 ($40,634.67). 10.33% of the stock is owned by company insiders.

Currys Company Profile

Currys plc is a leading omnichannel retailer of technology products and services, operating online and through over 800
stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us.

In the UK & Ireland we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece.