Currys (LON:CURY) Stock Price Up 14.2% – Should You Buy?

Currys plc (LON:CURY)’s share price shot up 14.2% during mid-day trading on Thursday . The stock traded as high as GBX 102.30 ($1.33) and last traded at GBX 101.60 ($1.32). 8,363,745 shares traded hands during mid-day trading, an increase of 70% from the average session volume of 4,916,495 shares. The stock had previously closed at GBX 88.95 ($1.16).

Analyst Ratings Changes

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

Currys Price Performance

The company has a market cap of £1.10 billion, a P/E ratio of 5.58 and a beta of 1.31. The stock has a 50-day simple moving average of GBX 92.06 and a 200 day simple moving average of GBX 87.86. The company has a debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86.

Insider Activity at Currys

In other Currys news, insider Octavia Morley purchased 35,000 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was purchased at an average price of GBX 90 ($1.17) per share, for a total transaction of £31,500 ($40,903.78). 10.33% of the stock is currently owned by corporate 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.