Currys (LON:CURY) Shares Up 14.2% – Here’s What Happened

Shares of Currys plc (LON:CURY) traded up 14.2% during trading on Thursday . The stock traded as high as GBX 102.30 ($1.33) and last traded at GBX 101.60 ($1.32). 8,363,745 shares were traded during trading, an increase of 70% from the average session volume of 4,916,495 shares. The stock had previously closed at GBX 88.95 ($1.16).

Wall Street Analysts Forecast Growth

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

Currys Price Performance

The company has a market capitalization of £1.10 billion, a price-to-earnings ratio of 5.58 and a beta of 1.31. 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 company has a 50 day moving average price of GBX 92.06 and a 200 day moving average price of GBX 87.86.

Insider Activity at Currys

In other Currys news, insider Octavia Morley bought 35,000 shares of the stock in a transaction on Tuesday, January 28th. The stock was purchased 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 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.