Currys (LON:CURY) Trading Up 10.5% - Here's What Happened

Currys plc (LON:CURY - Get Free Report) shares rose 10.5% during mid-day trading 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 traded 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 ($1.13).

Analysts Set New Price Targets

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

Currys Stock Up 1.8 %

The stock has a market capitalization of £1.05 billion, a price-to-earnings ratio of 5.31 and a beta of 1.31. The firm has a 50 day simple moving average of GBX 92.60 and a 200-day simple 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.

Insider Transactions at Currys

In other Currys news, insider Octavia Morley purchased 35,000 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average cost of GBX 90 ($1.15) per share, with a total value of £31,500 ($40,096.74). Company 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.