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

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

Analyst Ratings Changes

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

Currys Stock Performance

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 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 P/E ratio of 5.49 and a beta of 1.31.

Insider Transactions at Currys

In other Currys news, insider Octavia Morley purchased 35,000 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was purchased at an average price of GBX 90 ($1.16) per share, for a total transaction of £31,500 ($40,634.67). 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.