AO World PLC Receives Overweight Rating from JPMorgan Chase & Co. (AO)
AO World PLC (LON:AO)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Friday. They currently have a GBX 400 ($6.71) price objective on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 61.29% from the company’s current price.
AO World PLC (LON:AO) traded up 2.82% on Friday, hitting GBX 255.00. 284,786 shares of the company’s stock traded hands. AO World PLC has a one year low of GBX 217.50 and a one year high of GBX 412.25. The stock has a 50-day moving average of GBX 242.2 and a 200-day moving average of GBX 242.2.
A number of other firms have also recently commented on AO. Analysts at Jefferies Group reiterated a “buy” rating on shares of AO World PLC in a research note on Thursday. They now have a GBX 410 ($6.87) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of AO World PLC in a research note on Thursday. They now have a GBX 350 ($5.87) price target on the stock.
AO World plc is an online retailer of domestic appliances. The Company sources, sells and delivers domestic appliances, including washing machines, washer dryers, tumble dryers, dishwashers, refrigerators, freezers, ovens, range cookers and microwaves, as well as a range of small domestic appliances, including vacuums, floor cleaners, coffee machines, mixers and food processors.
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