Currys (LON:CURY) Trading 10.4% Higher – Time to Buy?

Currys plc (LON:CURY) traded up 10.4% on Thursday . The stock 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 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).

Wall Street Analysts Forecast Growth

CURY has been the subject of a number of analyst reports. Berenberg Bank raised their price target on 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 reaffirmed 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 company has a 50-day simple moving average of GBX 92.45 and a 200 day simple moving average of GBX 88.18. The company 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 other news, insider Octavia Morley acquired 35,000 shares of the company’s 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, with a total value 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.