Currys (LON:CURY) Trading 10.5% Higher – What’s Next?

Currys plc (LON:CURY)’s stock price traded up 10.5% on Thursday . The company traded as high as GBX 120.70 ($1.58) and last traded at GBX 98.31 ($1.29). 14,405,310 shares were traded during mid-day trading, an increase of 188% from the average session volume of 5,008,034 shares. The stock had previously closed at GBX 88.95 ($1.17).

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 125 ($1.64) target price on shares of Currys in a report on Friday, March 14th. Shore Capital reiterated a “not rated” rating on shares of Currys in a research report on Thursday, January 16th.

Currys Stock Up 10.5 %

The firm has a market cap of £1.07 billion, a price-to-earnings ratio of 5.40 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 firm’s 50 day simple moving average is GBX 92.06 and its two-hundred day simple moving average is GBX 87.86.

Insider Transactions at Currys

In related news, insider Octavia Morley acquired 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were bought at an average cost of GBX 90 ($1.18) per share, with a total value of £31,500 ($41,273.58). 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.