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

Key Points

• Currys shares crossed above their 50-day moving average, reaching GBX 160.90 before closing at GBX 156.20 on heavy volume.
• Analysts remain positive, with all four covering the stock rating it a Buy or equivalent and a consensus price target of GBX 178.50.
• Insiders sold roughly 2.87 million shares worth about £4.42 million during the last quarter, while Currys reported GBX 13.40 quarterly EPS and a 1.78% net margin.

Currys plc (LON:CURY - Get Free Report)'s stock price crossed 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 changing hands.

Analyst Ratings Changes

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

Currys Stock Performance

The company has a market capitalization of £1.61 billion, a P/E ratio of 10.77 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 stock has a 50 day moving average of GBX 159.59 and a 200-day moving average of GBX 146.96.

Currys (LON:CURY - Get Free Report) last issued its earnings results on Thursday, July 2nd. The company reported GBX 13.40 earnings per share for the quarter. Currys had a return on equity of 7.10% and a net margin of 1.78%. On average, research analysts predict that Currys plc will post 9.5199569 EPS for the current year.

Currys announced that its board has approved a stock buyback plan on Thursday, July 2nd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Alex Baldock sold 1,742,877 shares of the 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. Also, insider Bruce Marsh sold 937,215 shares of the company's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 165, for a total value of £1,546,404.75. Insiders sold 2,872,081 shares of company stock worth $473,701,376 over the last quarter. 15.38% of the stock is currently owned by 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.

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