AO World PLC (LON:AO) Given Consensus Rating of “Hold” by Brokerages
AO World PLC (LON:AO) has received a consensus rating of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 152.60 ($1.98).
A number of analysts have weighed in on the stock. J P Morgan Chase & Co cut their target price on shares of AO World PLC from GBX 200 ($2.59) to GBX 140 ($1.81) and set a “neutral” rating on the stock in a research report on Friday, March 31st. Shore Capital reaffirmed a “sell” rating on shares of AO World PLC in a research note on Tuesday, June 6th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 225 ($2.91) price target on shares of AO World PLC in a research note on Friday, March 31st. Finally, Jefferies Group LLC downgraded shares of AO World PLC to a “hold” rating and dropped their price target for the company from GBX 192 ($2.49) to GBX 140 ($1.81) in a research note on Thursday, June 8th.
AO World PLC (AO) traded down 1.08% on Monday, reaching GBX 115.00. 459,926 shares of the company traded hands. AO World PLC has a 52-week low of GBX 115.00 and a 52-week high of GBX 192.30. The company’s market capitalization is GBX 527.61 million. The stock has a 50-day moving average of GBX 134.95 and a 200 day moving average of GBX 150.39.
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In other AO World PLC news, insider Geoff Cooper purchased 28,573 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was purchased at an average price of GBX 140 ($1.81) per share, with a total value of £40,002.20 ($51,816.32). Also, insider John Roberts purchased 769,230 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were acquired at an average cost of GBX 130 ($1.68) per share, with a total value of £999,999 ($1,295,335.49).
About AO World PLC
AO World Plc is an online retailer of electrical products. The Company operates through two segments: online retailing of domestic appliances to customers in the UK, and online retailing of domestic appliances to customers in Europe (excluding the United Kingdom). The Company offers over 5,500 stock keeping units (SKUs) in the United Kingdom, approximately 2,000 in Germany and over 600 in the Netherlands.
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