AO World (LON:AO) Raised to “Hold” at Shore Capital

AO World (LON:AO) was upgraded by equities researchers at Shore Capital to a “hold” rating in a report released on Friday, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also issued reports on AO. Peel Hunt decreased their target price on AO World from GBX 135 ($1.76) to GBX 105 ($1.37) and set a “hold” rating for the company in a report on Thursday, April 4th. Numis Securities reaffirmed a “buy” rating and set a GBX 200 ($2.61) price target on shares of AO World in a report on Thursday, May 30th. JPMorgan Chase & Co. decreased their price target on AO World from GBX 110 ($1.44) to GBX 93 ($1.22) and set a “neutral” rating for the company in a report on Wednesday, June 5th. Finally, Jefferies Financial Group lifted their price target on AO World from GBX 120 ($1.57) to GBX 130 ($1.70) and gave the stock a “hold” rating in a report on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 132 ($1.72).

LON:AO opened at GBX 79 ($1.03) on Friday. The firm has a market capitalization of $373.26 million and a P/E ratio of -20.79. AO World has a 12-month low of GBX 87.50 ($1.14) and a 12-month high of GBX 163 ($2.13). The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 43.76.

AO World Company Profile

AO World plc, together with its subsidiaries, operates as an online retailer of domestic appliances and consumer electronics in the United Kingdom, Germany, and the Netherlands. It also provides logistics and transport services; and ancillary services, such as delivery, connection and disconnection, product protection plan commission, recycling, strategic marketing income, and third-party logistics services, as well as engages in the investment activities.

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Analyst Recommendations for AO World (LON:AO)

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