Currys (LON:CURY) Stock Price Up 10.5% – Here’s Why

Currys plc (LON:CURY)’s stock price was up 10.5% during mid-day trading on Thursday . The stock traded as high as GBX 120.70 ($1.56) and last traded at GBX 98.31 ($1.27). Approximately 14,405,310 shares traded hands during mid-day trading, an increase of 188% from the average daily volume of 5,008,034 shares. The stock had previously closed at GBX 88.95 ($1.15).

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Shore Capital restated a “not rated” rating on shares of Currys in a research note on Thursday, January 16th. Berenberg Bank increased their price objective on Currys from GBX 125 ($1.61) to GBX 175 ($2.26) and gave the company a “buy” rating in a research report on Friday.

Currys Trading Down 2.2 %

The business 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 quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83. The firm has a market capitalization of £1.09 billion, a P/E ratio of 5.49 and a beta of 1.31.

Insiders Place Their Bets

In related news, insider Octavia Morley acquired 35,000 shares of the stock in a transaction dated Tuesday, January 28th. The shares were bought at an average cost of GBX 90 ($1.16) per share, for a total transaction of £31,500 ($40,634.67). Corporate insiders own 10.33% of the company’s stock.

Currys Company Profile

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.