Currys (LON:CURY) Reaches New 1-Year High – Here’s What Happened

Currys plc (LON:CURY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 90 ($1.18) and last traded at GBX 89.05 ($1.17), with a volume of 4121724 shares traded. The stock had previously closed at GBX 88.75 ($1.16).

Analyst Ratings Changes

Several research firms have weighed in on CURY. Deutsche Bank Aktiengesellschaft upgraded Currys to a “buy” rating and raised their target price for the company from GBX 80 ($1.05) to GBX 95 ($1.24) in a report on Tuesday, July 9th. Berenberg Bank raised their price objective on Currys from GBX 90 ($1.18) to GBX 92 ($1.20) and gave the company a “buy” rating in a research note on Friday, June 28th.

Currys Price Performance

The company has a market capitalization of £1.00 billion, a P/E ratio of 4,437.50 and a beta of 1.31. The stock’s fifty day simple moving average is GBX 80.61 and its 200-day simple moving average is GBX 73.59. The company has a debt-to-equity ratio of 49.81, a current ratio of 0.84 and a quick ratio of 0.29.

Insider Activity at Currys

In other Currys news, insider Alex Baldock sold 258,833 shares of Currys stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of GBX 81 ($1.06), for a total value of £209,654.73 ($274,381.27). 10.33% of the stock is 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.