Currys (LON:CURY) Stock Price Up 10.4% – Here’s What Happened

Currys plc (LON:CURY) shot up 10.4% on Thursday . The company traded as high as GBX 100.40 ($1.30) and last traded at GBX 98.17 ($1.27). 5,311,956 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 4,870,256 shares. The stock had previously closed at GBX 88.95 ($1.15).

Analyst Upgrades and Downgrades

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

Currys Price 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 business has a 50-day simple moving average of GBX 92.45 and a 200 day simple moving average of GBX 88.18. The firm has a market cap of £1.09 billion, a P/E ratio of 5.49 and a beta of 1.31.

Insider Buying and Selling

In related news, insider Octavia Morley purchased 35,000 shares of Currys stock in a transaction that occurred on Tuesday, January 28th. The shares were bought at an average price of GBX 90 ($1.16) per share, for a total transaction of £31,500 ($40,634.67). 10.33% of the stock is currently owned by insiders.

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.