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

Currys plc (LON:CURY - Get Free Report) shares were up 10.5% on Thursday . The company traded as high as GBX 120.70 ($1.54) and last traded at GBX 98.31 ($1.25). Approximately 14,405,310 shares were traded during trading, an increase of 188% from the average daily volume of 5,008,034 shares. The stock had previously closed at GBX 88.95 ($1.13).

Wall Street Analysts Forecast Growth

CURY has been the topic of a number of recent analyst reports. Shore Capital reiterated a "not rated" rating on shares of Currys in a report on Thursday, January 16th. Berenberg Bank boosted their price target on Currys from GBX 125 ($1.59) to GBX 175 ($2.23) and gave the stock a "buy" rating in a research note on Friday.

Currys Stock Up 1.8 %

The stock's fifty day simple moving average is GBX 92.60 and its two-hundred day simple moving average is GBX 88.42. The company has a debt-to-equity ratio of 45.83, a current ratio of 0.86 and a quick ratio of 0.29. The company has a market capitalization of £1.05 billion, a price-to-earnings ratio of 5.31 and a beta of 1.31.

Insiders Place Their Bets

In other news, insider Octavia Morley bought 35,000 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was purchased at an average price of GBX 90 ($1.15) per share, for a total transaction of £31,500 ($40,096.74). 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.