Currys (LON:CURY) Shares Up 10.5% After Analyst Upgrade

Currys plc (LON:CURY - Get Free Report) rose 10.5% during 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). Approximately 14,405,310 shares were traded during mid-day trading, an increase of 188% from the average daily volume of 5,008,034 shares. The stock had previously closed at GBX 88.95 ($1.14).

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

Insider Buying and Selling

In related news, insider Octavia Morley acquired 35,000 shares of Currys stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average cost of GBX 90 ($1.15) per share, for a total transaction of £31,500 ($40,250.45). 10.33% of the stock is currently owned by company insiders.

Currys Stock Down 2.3 %

The business's 50 day moving average price is GBX 92.89 and its 200-day moving average price is GBX 88.89. 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 firm has a market capitalization of £1.03 billion, a PE ratio of 5.19 and a beta of 1.31.

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.