Currys (LON:CURY) Trading Up 10.5% on Analyst Upgrade

Currys plc (LON:CURY - Get Free Report) shares traded up 10.5% during mid-day trading on Friday after Berenberg Bank raised their price target on the stock from GBX 125 to GBX 175. Berenberg Bank currently has a buy rating on the stock. Currys traded as high as GBX 120.70 ($1.54) and last traded at GBX 98.31 ($1.26). 14,405,310 shares changed hands during mid-day trading, an increase of 188% from the average session volume of 5,008,034 shares. The stock had previously closed at GBX 88.95 ($1.14).

Separately, Shore Capital reaffirmed a "not rated" rating on shares of Currys in a research note on Thursday, January 16th.

Insider Activity

In other Currys news, insider Octavia Morley bought 35,000 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was acquired at an average price of GBX 90 ($1.15) per share, with a total value of £31,500 ($40,250.45). Corporate insiders own 10.33% of the company's stock.

Currys Stock Performance

The stock has a market cap of £1.03 billion, a P/E ratio of 5.19 and a beta of 1.31. 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 business's 50-day moving average price is GBX 92.89 and its 200-day moving average price is GBX 88.89.

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.