Currys (LON:CURY) Reaches New 12-Month High on Analyst Upgrade

Shares of Currys plc (LON:CURY) hit a new 52-week high 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), with a volume of 14405310 shares trading hands. The stock had previously closed at GBX 88.95 ($1.15).

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

Insiders Place Their Bets

In other news, insider Octavia Morley acquired 35,000 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average cost of GBX 90 ($1.16) per share, with a total value of £31,500 ($40,618.96). 10.33% of the stock is owned by company insiders.

Currys Stock Performance

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 stock has a 50 day moving average of GBX 92.45 and a two-hundred day moving average of GBX 88.25. The stock has a market capitalization of £1.09 billion, a PE ratio of 5.49 and a beta of 1.31.

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.