Currys (LON:CURY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Currys plc (LON:CURYGet Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 131.38 and traded as high as GBX 154.60. Currys shares last traded at GBX 150.70, with a volume of 6,895,448 shares.

Currys News Roundup

Here are the key news stories impacting Currys this week:

  • Neutral Sentiment: Ayesha Curry’s San Francisco restaurant has closed after nearly a decade, with reports noting a new venue will take its place. This is a personal/brand-story item and is unlikely to have a direct impact on Currys plc’s operations. Ayesha Curry’s SF restaurant closes after nearly a decade
  • Neutral Sentiment: Stephen and Ayesha Curry are reportedly teaming up on three new restaurants opening in uptown Charlotte, and another report says Stephen Curry is opening a bar there. The coverage may increase name recognition, but it does not directly affect Currys plc’s retail performance. Scoop: Stephen and Ayesha Curry team up on 3 restaurants opening in uptown Charlotte
  • Neutral Sentiment: Additional articles about the Curry family’s restaurant expansion and celebrity coverage are likely to be market-noise for Currys plc (CURY), with no clear sign of a meaningful business or earnings catalyst for the company. Steph Curry is opening a bar in Uptown Charlotte

Analysts Set New Price Targets

A number of research firms have weighed in on CURY. Berenberg Bank restated a “buy” rating and issued a GBX 210 price target on shares of Currys in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 155 target price on shares of Currys in a research report on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 177.

Check Out Our Latest Stock Report on CURY

Currys Stock Performance

The company has a current ratio of 0.87, a quick ratio of 0.29 and a debt-to-equity ratio of 40.08. The firm has a market capitalization of £1.56 billion, a price-to-earnings ratio of 12.97 and a beta of 1.23. The company has a 50-day moving average of GBX 131.67 and a 200-day moving average of GBX 135.70.

Currys Company Profile

(Get Free Report)

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.

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