Currys (LON:CURY) Trading Up 14% - Here's Why

Currys plc (LON:CURY - Get Free Report)'s share price shot up 14% during trading on Thursday . The company traded as high as GBX 102.30 ($1.30) and last traded at GBX 101.40 ($1.29). 8,521,879 shares changed hands during mid-day trading, an increase of 73% from the average session volume of 4,918,891 shares. The stock had previously closed at GBX 88.95 ($1.13).

Analyst Ratings Changes

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

Currys Stock Performance

The firm has a fifty day moving average of GBX 92.60 and a 200-day moving average of GBX 88.42. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83. The firm has a market cap of £1.05 billion, a P/E ratio of 5.31 and a beta of 1.31.

Insider Activity

In related news, insider Octavia Morley acquired 35,000 shares of the firm'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). 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.