Currys (LON:CURY) Shares Up 10.5% on Analyst Upgrade

Currys plc (LON:CURY)’s stock price rose 10.5% during mid-day trading 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 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 ($1.15).

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 other Currys news, insider Octavia Morley bought 35,000 shares of Currys stock in a transaction on Tuesday, January 28th. The shares were purchased at an average cost of GBX 90 ($1.16) per share, with a total value of £31,500 ($40,618.96). Corporate insiders own 10.33% of the company’s stock.

Currys Trading Down 2.2 %

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 company has a market cap of £1.09 billion, a price-to-earnings ratio of 5.49 and a beta of 1.31. The business’s fifty day moving average price is GBX 92.45 and its 200 day moving average price is GBX 88.25.

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.