Currys (LON:CURY) Shares Pass Above Fifty Day Moving Average of $77.39

Currys plc (LON:CURY) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 77.39 ($1.02) and traded as high as GBX 81.60 ($1.08). Currys shares last traded at GBX 79.70 ($1.05), with a volume of 1,876,516 shares trading hands.

Wall Street Analyst Weigh In

CURY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Currys to a “buy” rating and increased their target price for the company from GBX 80 ($1.05) to GBX 95 ($1.25) in a research report on Tuesday, July 9th. Berenberg Bank boosted their target price on Currys from GBX 90 ($1.19) to GBX 92 ($1.21) and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, Barclays reaffirmed an “equal weight” rating and set a GBX 67 ($0.88) price target on shares of Currys in a research note on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 91.80 ($1.21).

Currys Price Performance

The firm has a market capitalization of £899.01 million, a P/E ratio of 3,985.00 and a beta of 1.35. The business’s fifty day moving average is GBX 77.39 and its 200 day moving average is GBX 69.45. The company has a current ratio of 0.84, a quick ratio of 0.29 and a debt-to-equity ratio of 49.81.

Insider Buying and Selling at Currys

In other news, insider Alex Baldock sold 258,833 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of GBX 81 ($1.07), for a total transaction of £209,654.73 ($276,479.93). In other news, insider Steve Johnson bought 40,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were acquired at an average cost of GBX 73 ($0.96) per share, with a total value of £29,200 ($38,507.19). Also, insider Alex Baldock sold 258,833 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of GBX 81 ($1.07), for a total transaction of £209,654.73 ($276,479.93). 19.40% of the stock is owned by corporate insiders.

About Currys

Currys plc operates as a retailer of technology products and services. It offers consumer electronics and mobile technology products and services; and mobile virtual network operator and consumer electrical repair services. The company also sells its products through online; and offers insurance services.