Currys (LON:CURY) Trading Up 10.5% Following Analyst Upgrade

Shares of Currys plc (LON:CURY) were up 10.5% 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 ($1.56) and last traded at GBX 98.31 ($1.27). 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 ($1.15).

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

Insider Buying and Selling at Currys

In related news, insider Octavia Morley acquired 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired at an average cost of GBX 90 ($1.16) per share, for a total transaction of £31,500 ($40,618.96). Insiders own 10.33% of the company’s stock.

Currys Stock Performance

The firm has a market capitalization of £1.09 billion, a P/E ratio of 5.49 and a beta of 1.31. The stock has a fifty day moving average of GBX 92.45 and a 200-day moving average of GBX 88.25. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83.

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.