Currys (LON:CURY) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Currys plc (LON:CURY)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 159.59 and traded as high as GBX 160.90. Currys shares last traded at GBX 156.20, with a volume of 86,420,898 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CURY shares. Citigroup raised their price objective on Currys from GBX 168 to GBX 184 and gave the company a “buy” rating in a research note on Friday, July 3rd. Berenberg Bank restated a “buy” rating and set a GBX 210 target price on shares of Currys in a report on Tuesday, July 14th. Royal Bank Of Canada upgraded Currys to an “outperform” rating and reduced their price target for the stock from GBX 180 to GBX 165 in a research report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 155 price target on shares of Currys in a research note on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 178.50.

Currys Stock Performance

The firm has a market cap of £1.55 billion, a P/E ratio of 10.37 and a beta of 1.26. The company has a current ratio of 0.89, a quick ratio of 0.29 and a debt-to-equity ratio of 39.53. The business’s fifty day simple moving average is GBX 159.45 and its 200-day simple moving average is GBX 147.01.

Currys (LON:CURY) last issued its quarterly earnings data on Thursday, July 2nd. The company reported GBX 13.40 EPS for the quarter. Currys had a net margin of 1.78% and a return on equity of 7.10%. As a group, sell-side analysts expect that Currys plc will post 9.5199569 earnings per share for the current year.

Currys declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 2nd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Currys news, insider Bruce Marsh sold 937,215 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 165, for a total transaction of £1,546,404.75. Also, insider Alex Baldock sold 1,742,877 shares of Currys stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 165, for a total value of £2,875,747.05. Insiders have sold a total of 2,872,081 shares of company stock valued at $473,701,376 in the last ninety days. 15.38% of the stock is currently owned by corporate insiders.

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.