Currys (LON:CURY) Stock Price Up 14.7% – Time to Buy?

Currys plc (LON:CURY)’s share price shot up 14.7% during trading on Thursday . The stock traded as high as GBX 102.80 ($1.33) and last traded at GBX 102 ($1.32). 10,327,287 shares changed hands during trading, an increase of 109% from the average session volume of 4,946,246 shares. The stock had previously closed at GBX 88.95 ($1.15).

Analysts Set New Price Targets

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

Currys Stock Performance

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 company has a market cap of £1.09 billion, a PE ratio of 5.49 and a beta of 1.31. The company’s 50 day moving average price is GBX 92.45 and its 200-day moving average price is GBX 88.18.

Insiders Place Their Bets

In other Currys news, insider Octavia Morley bought 35,000 shares of Currys stock in a transaction dated Tuesday, January 28th. The stock was 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.

About Currys

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.