Currys plc (LON:CURY – Get Free Report)’s stock price shot up 14.2% on Thursday . The company traded as high as GBX 102.30 ($1.32) and last traded at GBX 101.59 ($1.31). 7,438,616 shares were traded during mid-day trading, an increase of 52% from the average session volume of 4,902,478 shares. The stock had previously closed at GBX 88.95 ($1.15).
Wall Street Analysts Forecast Growth
CURY has been the topic of a number of analyst reports. Berenberg Bank lifted 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. Shore Capital reissued a “not rated” rating on shares of Currys in a research report on Thursday, January 16th.
Read Our Latest Research Report on CURY
Currys Trading Down 2.2 %
Insiders Place Their Bets
In related news, insider Octavia Morley purchased 35,000 shares of Currys stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average cost of GBX 90 ($1.16) per share, with a total value of £31,500 ($40,634.67). Corporate 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.
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