Currys (LON:CURY) Trading 14.2% Higher – Still a Buy?

Currys plc (LON:CURY)’s stock price rose 14.2% during mid-day trading on Thursday . The company traded as high as GBX 102.30 ($1.32) and last traded at GBX 101.60 ($1.31). Approximately 8,363,745 shares traded hands during mid-day trading, an increase of 70% from the average daily volume of 4,916,495 shares. The stock had previously closed at GBX 88.95 ($1.15).

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CURY shares. 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 research report on Friday. Shore Capital reiterated a “not rated” rating on shares of Currys in a report on Thursday, January 16th.

Currys Price Performance

The company has a debt-to-equity ratio of 45.83, a current ratio of 0.86 and a quick ratio of 0.29. The business’s 50-day moving average price is GBX 92.45 and its two-hundred day moving average price is GBX 88.18. The firm has a market cap of £1.09 billion, a price-to-earnings ratio of 5.49 and a beta of 1.31.

Insider Buying and Selling at Currys

In related news, insider Octavia Morley bought 35,000 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was bought at an average cost of GBX 90 ($1.16) per share, for a total transaction of £31,500 ($40,634.67). 10.33% of the stock is 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.