Currys (LON:CURY) Trading 10.4% Higher – Time to Buy?

Currys plc (LON:CURY) shares rose 10.4% during mid-day trading on Thursday . The company traded as high as GBX 100.40 ($1.30) and last traded at GBX 98.17 ($1.27). Approximately 5,311,956 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 4,870,256 shares. The stock had previously closed at GBX 88.95 ($1.16).

Analysts Set New Price Targets

CURY has been the topic of a number of research analyst reports. Shore Capital reissued a “not rated” rating on shares of Currys in a report on Thursday, January 16th. Berenberg Bank reissued a “buy” rating and set a GBX 125 ($1.62) price target on shares of Currys in a research note on Friday, March 14th.

Currys Stock Up 12.5 %

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 firm has a 50 day moving average price of GBX 92.06 and a 200-day moving average price of GBX 87.86. The firm has a market cap of £1.09 billion, a price-to-earnings ratio of 5.49 and a beta of 1.31.

Insiders Place Their Bets

In related news, insider Octavia Morley purchased 35,000 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was bought at an average price of GBX 90 ($1.17) per share, with a total value of £31,500 ($40,903.78). 10.33% of the stock is currently owned by company insiders.

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.