Currys (LON:CURY) Share Price Passes Above Fifty Day Moving Average of $77.59

Currys plc (LON:CURY) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 77.59 ($1.02) and traded as high as GBX 81.10 ($1.07). Currys shares last traded at GBX 80 ($1.05), with a volume of 4,834,508 shares.

Analyst Upgrades and Downgrades

CURY has been the subject of a number of recent analyst reports. Barclays reaffirmed an “equal weight” rating and issued a GBX 67 ($0.88) price target on shares of Currys in a research report on Wednesday, May 15th. Berenberg Bank increased their price objective on Currys from GBX 90 ($1.18) to GBX 92 ($1.21) and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, 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 ($1.25) in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Currys presently has a consensus rating of “Moderate Buy” and an average price target of GBX 91.80 ($1.21).

Currys Price Performance

The company has a market cap of £875.75 million, a P/E ratio of 3,895.00 and a beta of 1.35. The stock has a 50-day simple moving average of GBX 77.75 and a 200 day simple moving average of GBX 70.89. The company has a debt-to-equity ratio of 49.81, a quick ratio of 0.29 and a current ratio of 0.84.

Insider Activity at Currys

In other Currys news, insider Steve Johnson purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were purchased at an average price of GBX 73 ($0.96) per share, for a total transaction of £29,200 ($38,395.79). In other Currys news, insider Steve Johnson purchased 40,000 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was purchased at an average price of GBX 73 ($0.96) per share, for a total transaction of £29,200 ($38,395.79). Also, insider Alex Baldock sold 258,833 shares of Currys stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of GBX 81 ($1.07), for a total value of £209,654.73 ($275,680.12). 16.92% of the stock is currently owned by corporate insiders.

About Currys

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.