Currys (LON:CURY) Hits New 52-Week High – Here’s What Happened

Currys plc (LON:CURY) reached a new 52-week high on Wednesday . The company traded as high as GBX 90 ($1.18) and last traded at GBX 89.05 ($1.17), with a volume of 4121724 shares. The stock had previously closed at GBX 88.75 ($1.16).

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CURY shares. Berenberg Bank increased their target price on Currys from GBX 90 ($1.18) to GBX 92 ($1.20) and gave the company a “buy” rating in a research note on Friday, June 28th. Deutsche Bank Aktiengesellschaft raised shares of Currys to a “buy” rating and boosted their target price for the stock from GBX 80 ($1.05) to GBX 95 ($1.24) in a research report on Tuesday, July 9th.

Currys Stock Performance

The company’s 50-day moving average price is GBX 80.93 and its two-hundred day moving average price is GBX 73.98. The company has a market cap of £991.58 million, a P/E ratio of 4,457.50 and a beta of 1.31. The company has a current ratio of 0.84, a quick ratio of 0.29 and a debt-to-equity ratio of 49.81.

Insider Buying and Selling

In related news, insider Alex Baldock sold 258,833 shares of Currys stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of GBX 81 ($1.06), for a total value of £209,654.73 ($274,381.27). 10.33% of the stock is currently owned by insiders.

Currys Company Profile

Currys plc operates as a retailer of technology products and services. It offers consumer electronics and mobile technology products and services; and mobile virtual network operator and consumer electrical repair services. The company also sells its products through online; and offers insurance services.