Currys (LON:CURY) Trading 14% Higher – Time to Buy?

Currys plc (LON:CURY)’s share price was up 14% on Thursday . The company traded as high as GBX 102.30 ($1.32) and last traded at GBX 101.40 ($1.31). Approximately 8,521,879 shares changed hands during mid-day trading, an increase of 73% from the average daily volume of 4,918,891 shares. The stock had previously closed at GBX 88.95 ($1.15).

Wall Street Analyst Weigh In

CURY has been the subject of a number of analyst reports. Berenberg Bank raised their price target on Currys from GBX 125 ($1.61) to GBX 175 ($2.26) and gave the stock a “buy” rating in a report on Friday. Shore Capital restated a “not rated” rating on shares of Currys in a research note on Thursday, January 16th.

Currys Stock Down 2.2 %

The stock has a market capitalization of £1.09 billion, a P/E ratio of 5.49 and a beta of 1.31. The stock has a 50 day moving average price of GBX 92.45 and a 200-day moving average price of GBX 88.18. The company has a debt-to-equity ratio of 45.83, a current ratio of 0.86 and a quick ratio of 0.29.

Insiders Place Their Bets

In related news, insider Octavia Morley bought 35,000 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were purchased at an average price of GBX 90 ($1.16) per share, with a total value of £31,500 ($40,634.67). Company 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.