Currys (LON:CURY) Trading 11.2% Higher – Time to Buy?

Currys plc (LON:CURY) rose 11.2% on Thursday . The stock traded as high as GBX 99.40 ($1.28) and last traded at GBX 98.95 ($1.28). Approximately 3,688,881 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 4,845,664 shares. The stock had previously closed at GBX 88.95 ($1.15).

Analysts Set New Price Targets

A number of analysts recently issued reports on CURY shares. Berenberg Bank increased 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 reissued a “not rated” rating on shares of Currys in a research note on Thursday, January 16th.

Currys Stock Down 2.2 %

The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. The firm has a 50-day moving average of GBX 92.45 and a 200 day moving average of GBX 88.18. The stock has a market capitalization of £1.09 billion, a price-to-earnings ratio of 5.49 and a beta of 1.31.

Insider Transactions at Currys

In other Currys news, insider Octavia Morley bought 35,000 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were 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.