Currys (LON:CURY) Stock Price Up 10.5% – Still a Buy?

Currys plc (LON:CURY)’s share price was up 10.5% during mid-day trading on Thursday . The stock traded as high as GBX 120.70 ($1.57) and last traded at GBX 98.31 ($1.28). Approximately 14,405,310 shares were traded 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 ($1.16).

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CURY shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 125 ($1.62) price objective on shares of Currys in a report on Friday, March 14th. Shore Capital reaffirmed a “not rated” rating on shares of Currys in a research note on Thursday, January 16th.

Currys Stock Up 10.5 %

The stock has a market capitalization of £1.07 billion, a P/E 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 fifty day moving average is GBX 92.06 and its 200-day moving average is GBX 87.86.

Insider Activity

In related news, insider Octavia Morley bought 35,000 shares of Currys stock in a transaction dated Tuesday, January 28th. The shares were bought at an average cost of GBX 90 ($1.17) per share, for a total transaction of £31,500 ($40,903.78). 10.33% of the stock is currently owned by corporate 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.