Currys (LON:CURY) Trading Up 15.6% – Should You Buy?

Shares of Currys plc (LON:CURY) traded up 15.6% during trading on Thursday . The stock traded as high as GBX 120.70 ($1.57) 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 ($1.16).

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CURY shares. Shore Capital restated a “not rated” rating on shares of Currys in a research report on Thursday, January 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 125 ($1.62) target price on shares of Currys in a research note on Friday, March 14th.

Currys Trading Up 10.5 %

The stock has a market cap of £1.07 billion, a price-to-earnings ratio of 5.40 and a beta of 1.31. The business has a 50-day simple moving average of GBX 92.06 and a two-hundred day simple moving average of GBX 87.86. 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 Buying and Selling

In other Currys news, insider Octavia Morley acquired 35,000 shares of Currys stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired at an average cost of GBX 90 ($1.17) per share, with a total value of £31,500 ($40,903.78). 10.33% of the stock is owned by insiders.

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.