Currys (LON:CURY) Trading 14.2% Higher – Here’s Why

Shares of Currys plc (LON:CURY) traded up 14.2% during mid-day trading on Thursday . The stock traded as high as GBX 102.30 ($1.32) and last traded at GBX 101.60 ($1.31). 8,363,745 shares changed hands during trading, an increase of 70% from the average session volume of 4,916,495 shares. The stock had previously closed at GBX 88.95 ($1.15).

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CURY shares. Berenberg Bank upped their target price on Currys from GBX 125 ($1.61) to GBX 175 ($2.26) and gave the company a “buy” rating in a report on Friday. Shore Capital reiterated a “not rated” rating on shares of Currys in a research report on Thursday, January 16th.

Currys Trading Down 2.2 %

The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. The business has a 50 day moving average of GBX 92.45 and a 200-day moving average of GBX 88.18. The stock has a market cap of £1.09 billion, a PE ratio of 5.49 and a beta of 1.31.

Insider Activity

In other news, insider Octavia Morley bought 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average price of GBX 90 ($1.16) per share, for a total transaction of £31,500 ($40,634.67). Company insiders own 10.33% of the company’s stock.

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.