Currys (LON:CURY) Shares Up 16% – Still a Buy?

Currys plc (LON:CURY) shot up 16% during trading on Thursday . The company traded as high as GBX 120.70 ($1.56) and last traded at GBX 103.16 ($1.33). 12,339,078 shares changed hands during trading, an increase of 148% from the average session volume of 4,976,727 shares. The stock had previously closed at GBX 88.95 ($1.15).

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CURY. Shore Capital reaffirmed a “not rated” rating on shares of Currys in a research report on Thursday, January 16th. Berenberg Bank boosted their price target on shares of Currys from GBX 125 ($1.61) to GBX 175 ($2.26) and gave the company a “buy” rating in a report on Friday.

Currys Trading Down 2.2 %

The company has a fifty day simple moving average of GBX 92.45 and a two-hundred day simple moving average of GBX 88.18. The company has a market capitalization of £1.09 billion, a P/E ratio of 5.49 and a beta of 1.31. The company has a debt-to-equity ratio of 45.83, a current ratio of 0.86 and a quick ratio of 0.29.

Insider Activity

In other news, insider Octavia Morley acquired 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average cost of GBX 90 ($1.16) per share, with a total value of £31,500 ($40,634.67). 10.33% of the stock is currently owned by insiders.

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.