Currys (LON:CURY) Stock Price Up 6.8% – Should You Buy?

Shares of Currys plc (LON:CURY) shot up 6.8% on Tuesday . The stock traded as high as GBX 137 and last traded at GBX 135. 29,155,400 shares traded hands during trading, an increase of 54% from the average session volume of 18,889,592 shares. The stock had previously closed at GBX 126.40.

Key Headlines Impacting Currys

Here are the key news stories impacting Currys this week:

• Positive Sentiment: Deutsche Bank Aktiengesellschaft reaffirmed its buy rating on Currys and set a new GBX 155 price target, signaling continued analyst confidence in the retailer’s outlook. Deutsche Bank reaffirms buy rating on Currys
• Positive Sentiment: Berenberg Bank also reiterated its buy rating on Currys and increased its target to GBX 210, which may have supported investor sentiment. Berenberg raises target on Currys
• Neutral Sentiment: The other headlines in the feed mostly refer to Stephen Curry or unrelated “curry” content, and do not appear to affect Currys plc or its stock.

Analysts Set New Price Targets

Several research firms have commented on CURY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 155 target price on shares of Currys in a research report on Wednesday. Shore Capital Group restated a “no recommendation” rating on shares of Currys in a research report on Wednesday, January 21st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 210 target price on shares of Currys in a report on Tuesday. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Currys currently has a consensus rating of “Buy” and an average target price of GBX 177.

Currys Stock Up 1.5%

The company has a quick ratio of 0.29, a current ratio of 0.87 and a debt-to-equity ratio of 40.08. The stock has a 50 day simple moving average of GBX 131.29 and a 200 day simple moving average of GBX 135. The stock has a market cap of £1.50 billion, a price-to-earnings ratio of 12.47 and a beta of 1.23.

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. In each of
these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services
and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them,
throughout their lives.