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

Currys plc (LON:CURY) shot up 10.5% during trading on Thursday . The company traded as high as GBX 120.70 ($1.57) and last traded at GBX 98.31 ($1.28). 14,405,310 shares were traded during mid-day trading, an increase of 188% from the average session volume of 5,008,034 shares. The stock had previously closed at GBX 88.95 ($1.16).

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CURY shares. Shore Capital reissued a “not rated” rating on shares of Currys in a research note on Thursday, January 16th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 125 ($1.62) price objective on shares of Currys in a research report on Friday, March 14th.

Currys Stock Up 10.5 %

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 firm has a market cap of £1.07 billion, a price-to-earnings ratio of 5.40 and a beta of 1.31. The stock’s 50 day moving average is GBX 92.06 and its 200 day moving average is GBX 87.86.

Insider Buying and Selling at Currys

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