Currys (LON:CURY) Trading Up 15.6% – Still a Buy?

Currys plc (LON:CURY) traded up 15.6% during trading on Thursday . The stock traded as high as GBX 120.70 ($1.56) and last traded at GBX 102.80 ($1.33). 87,088,313 shares changed hands during mid-day trading, an increase of 1,326% from the average session volume of 6,109,292 shares. The stock had previously closed at GBX 88.95 ($1.15).

Analyst Ratings Changes

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

Currys Price Performance

The company has a debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86. The company has a 50-day moving average of GBX 92.45 and a 200-day moving average of GBX 88.18. The stock has a market capitalization of £1.09 billion, a price-to-earnings ratio of 5.49 and a beta of 1.31.

Insider Activity at Currys

In other Currys news, insider Octavia Morley purchased 35,000 shares of Currys stock in a transaction on Tuesday, January 28th. The shares were bought at an average price 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 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.