Currys (LON:CURY) Shares Up 15.6% – Here’s What Happened

Currys plc (LON:CURY)’s stock price traded up 15.6% during mid-day trading on Thursday . The company traded as high as GBX 120.70 ($1.56) and last traded at GBX 102.80 ($1.33). 87,088,313 shares changed hands during trading, an increase of 1,326% from the average session volume of 6,109,292 shares. The stock had previously closed at GBX 88.95 ($1.15).

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CURY shares. Berenberg Bank boosted their price objective on Currys from GBX 125 ($1.61) to GBX 175 ($2.26) and gave the company a “buy” rating in a research note on Friday. Shore Capital reaffirmed a “not rated” rating on shares of Currys in a report on Thursday, January 16th.

Currys Trading Down 2.2 %

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 current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. The stock has a market capitalization of £1.09 billion, a PE ratio of 5.49 and a beta of 1.31.

Insider Activity

In other news, insider Octavia Morley purchased 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average cost of GBX 90 ($1.16) per share, with a total value of £31,500 ($40,634.67). Corporate insiders own 10.33% of the company’s stock.

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.