Currys (LON:CURY) Shares Cross Above Fifty Day Moving Average – What’s Next?

Shares of Currys plc (LON:CURY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 145.36 and traded as high as GBX 146.90. Currys shares last traded at GBX 143.10, with a volume of 10,557,630 shares traded.

Analyst Upgrades and Downgrades

CURY has been the subject of a number of research reports. Shore Capital Group reissued a “no recommendation” rating on shares of Currys in a research note on Wednesday, January 21st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 215 price objective on shares of Currys in a research note on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 170.33.

Currys Stock Up 0.7%

The firm has a market capitalization of £1.50 billion, a PE ratio of 12.34 and a beta of 1.17. The business’s 50 day simple moving average is GBX 145.36 and its 200 day simple moving average is GBX 137.47. The company has a current ratio of 0.87, a quick ratio of 0.29 and a debt-to-equity ratio of 40.08.

Currys (LON:CURY) last announced its earnings results on Thursday, December 18th. The company reported GBX 1.60 earnings per share (EPS) for the quarter. Currys had a net margin of 1.46% and a return on equity of 5.88%. On average, equities research analysts forecast that Currys plc will post 9.5199569 earnings per share for the current year.

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.