Currys (LON:CURY) Stock Price Up 16% - Time to Buy?

Currys plc (LON:CURY - Get Free Report)'s stock price was up 16% during trading on Thursday . The stock traded as high as GBX 120.70 ($1.54) and last traded at GBX 103.16 ($1.31). Approximately 12,339,078 shares changed hands during trading, an increase of 148% from the average daily volume of 4,976,727 shares. The stock had previously closed at GBX 88.95 ($1.13).

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CURY. Shore Capital restated a "not rated" rating on shares of Currys in a research note on Thursday, January 16th. Berenberg Bank raised their price target on shares of Currys from GBX 125 ($1.59) to GBX 175 ($2.23) and gave the company a "buy" rating in a report on Friday.

Currys Stock Performance

The business has a 50-day moving average of GBX 92.60 and a 200 day moving average of 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 cap of £1.05 billion, a PE ratio of 5.31 and a beta of 1.31.

Insider Activity

In other news, insider Octavia Morley purchased 35,000 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was acquired at an average cost of GBX 90 ($1.15) per share, for a total transaction of £31,500 ($40,096.74). Insiders own 10.33% of the company's stock.

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.