Currys (LON:CURY) Trading 11.2% Higher – Should You Buy?

Currys plc (LON:CURY)’s stock price traded up 11.2% during trading on Thursday . The company traded as high as GBX 99.40 ($1.29) and last traded at GBX 98.95 ($1.28). 3,688,881 shares changed hands during trading, a decline of 24% from the average session volume of 4,845,664 shares. The stock had previously closed at GBX 88.95 ($1.16).

Wall Street Analyst Weigh In

A number of research firms have issued reports on CURY. Shore Capital reissued a “not rated” rating on shares of Currys in a report on Thursday, January 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 125 ($1.62) price target on shares of Currys in a research note on Friday, March 14th.

Currys Stock Performance

The stock has a 50 day moving average of GBX 92.06 and a 200 day moving average of 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 cap of £1.08 billion, a price-to-earnings ratio of 5.43 and a beta of 1.31.

Insider Activity

In other Currys news, insider Octavia Morley acquired 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average cost of GBX 90 ($1.17) per share, for a total transaction of £31,500 ($40,903.78). Corporate insiders own 10.33% of the company’s stock.

About Currys

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.