Currys (LON:CURY) Trading 10.5% Higher – Still a Buy?

Currys plc (LON:CURYGet Free Report) traded up 10.5% during mid-day trading on Thursday . The stock traded as high as GBX 120.70 ($1.58) and last traded at GBX 98.31 ($1.29). 14,405,310 shares traded hands during mid-day trading, an increase of 188% from the average session volume of 5,008,034 shares. The stock had previously closed at GBX 88.95 ($1.17).

Analysts Set New Price Targets

A number of analysts have recently commented on CURY shares. Berenberg Bank reissued a “buy” rating and set a GBX 125 ($1.64) target price 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 research note on Thursday, January 16th.

View Our Latest Analysis on CURY

Currys Price Performance

The stock’s 50-day moving average price is GBX 92.06 and its 200 day moving average price is GBX 87.86. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83. The firm has a market capitalization of £1.07 billion, a price-to-earnings ratio of 5.40 and a beta of 1.31.

Insider Activity at Currys

In related news, insider Octavia Morley acquired 35,000 shares of the stock in a transaction on Tuesday, January 28th. The shares were bought at an average price of GBX 90 ($1.18) per share, with a total value of £31,500 ($41,273.58). 10.33% of the stock is owned by corporate insiders.

Currys Company Profile

(Get Free Report)

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.

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