Currys (LON:CURY) Share Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Shares fell below the 200‑day moving average: CURY traded as low as GBX 124 and last at GBX 127.35, beneath the 200‑day MA of GBX 136.02, on volume of 11,416,835 shares.
• Analyst consensus: three analysts rate the stock a Buy with a MarketBeat average target of GBX 170.33 (Berenberg at GBX 215 while Shore Capital reiterated a "no recommendation").
• Valuation and liquidity: Currys has a market cap of £1.34bn and a PE of 11.09, but shows weak liquidity (quick ratio 0.29, current ratio 0.87) and a reported debt‑to‑equity of 40.08.

Shares of Currys plc (LON:CURY - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 136.02 and traded as low as GBX 124. Currys shares last traded at GBX 127.35, with a volume of 11,416,835 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CURY shares. Shore Capital Group restated a "no recommendation" rating on shares of Currys in a research report on Wednesday, January 21st. Berenberg Bank restated a "buy" rating and issued a GBX 215 price objective on shares of Currys in a research report on Thursday, March 26th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Currys presently has a consensus rating of "Buy" and an average target price of GBX 170.33.

Currys Price Performance

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 firm's 50-day moving average is GBX 136.14 and its 200-day moving average is GBX 136.02. The company has a market cap of £1.34 billion, a PE ratio of 11.09 and a beta of 1.27.

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.

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