Currys (LON:CURY) Trading Up 14% – What’s Next?

Currys plc (LON:CURY) traded up 14% during mid-day trading on Thursday . The stock traded as high as GBX 102.30 ($1.33) and last traded at GBX 101.40 ($1.32). 8,521,879 shares traded hands during mid-day trading, an increase of 73% from the average session volume of 4,918,891 shares. The stock had previously closed at GBX 88.95 ($1.16).

Wall Street Analyst Weigh In

CURY has been the topic of a number of recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 125 ($1.62) target price on shares of Currys in a research report on Friday, March 14th. Shore Capital restated a “not rated” rating on shares of Currys in a report on Thursday, January 16th.

Currys Stock Up 15.2 %

The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83. The company has a market cap of £1.11 billion, a P/E ratio of 5.63 and a beta of 1.31. The firm has a fifty day moving average price of GBX 92.06 and a 200 day moving average price of GBX 87.86.

Insiders Place Their Bets

In related news, insider Octavia Morley bought 35,000 shares of Currys stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average cost of GBX 90 ($1.17) per share, with a total value of £31,500 ($40,903.78). 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.