Currys (LON:CURY) Stock Price Up 14.2% – Time to Buy?

Shares of Currys plc (LON:CURY) 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 101.59 ($1.32). 7,438,616 shares were traded during mid-day trading, an increase of 52% from the average session volume of 4,902,478 shares. The stock had previously closed at GBX 88.95 ($1.16).

Analysts Set New Price Targets

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

Currys Stock Performance

The stock’s 50 day moving average is GBX 92.06 and its two-hundred day moving average is GBX 87.86. The stock has a market capitalization of £1.10 billion, a price-to-earnings ratio of 5.56 and a beta of 1.31. The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83.

Insider Buying and Selling

In related news, insider Octavia Morley acquired 35,000 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was bought 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 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.