AO World PLC (AO) Receives Buy Rating from Numis Securities Ltd
AO World PLC (LON:AO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Numis Securities Ltd in a report released on Friday, Marketbeat reports. They currently have a GBX 225 ($2.94) price target on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 87.50% from the stock’s previous close.
Other research analysts have also issued reports about the company. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 140 ($1.83) price objective on shares of AO World PLC in a report on Wednesday, June 7th. Shore Capital reissued a “sell” rating on shares of AO World PLC in a report on Tuesday. Finally, Jefferies Group LLC lowered AO World PLC to a “hold” rating and cut their price objective for the company from GBX 192 ($2.51) to GBX 140 ($1.83) in a report on Thursday, June 8th. Three 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’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 152 ($1.98).
AO World PLC (LON:AO) traded up 0.84% during midday trading on Friday, reaching GBX 120.00. The company had a trading volume of 243,836 shares. The company’s market capitalization is GBX 550.55 million. AO World PLC has a 1-year low of GBX 115.00 and a 1-year high of GBX 192.30. The firm has a 50-day moving average of GBX 123.78 and a 200 day moving average of GBX 143.56.
In other news, insider John Roberts bought 769,230 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were acquired at an average price of GBX 130 ($1.70) per share, for a total transaction of £999,999 ($1,305,822.67).
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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