Currys (LON:CURY) Trading 10.5% Higher - Should You Buy?

Currys plc (LON:CURY - Get Free Report) shares rose 10.5% during mid-day trading on Thursday . The stock traded as high as GBX 120.70 ($1.54) and last traded at GBX 98.31 ($1.26). Approximately 14,405,310 shares changed hands 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 ($1.14).

Analysts Set New Price Targets

Several brokerages recently weighed in on CURY. Shore Capital restated a "not rated" rating on shares of Currys in a report on Thursday, January 16th. Berenberg Bank increased their target price on Currys from GBX 125 ($1.60) to GBX 175 ($2.24) and gave the stock a "buy" rating in a research note on Friday, April 4th.

Currys Stock Performance

The stock'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 current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. The company has a market capitalization of £1.05 billion, a price-to-earnings ratio of 5.30 and a beta of 1.31.

Insider Activity

In other Currys news, insider Octavia Morley purchased 35,000 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired at an average price 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 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.