AO World (LON:AO) Price Target Raised to GBX 75 at Canaccord Genuity Group

AO World (LON:AO) had its price target raised by Canaccord Genuity Group from GBX 52 ($0.65) to GBX 75 ($0.93) in a research note released on Wednesday, MarketBeat reports. They currently have a sell rating on the stock.

Separately, Shore Capital raised shares of AO World to a buy rating in a report on Wednesday, April 10th.

AO World Trading Down 0.2 %

Shares of AO World stock opened at GBX 103.80 ($1.29) on Wednesday. The firm has a market capitalization of £600.56 million, a PE ratio of 2,080.00, a price-to-earnings-growth ratio of -2.13 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.48 and a debt-to-equity ratio of 65.04. The firm’s 50 day moving average is GBX 94.66 and its 200 day moving average is GBX 90.41. AO World has a 1 year low of GBX 61.99 ($0.77) and a 1 year high of GBX 109.40 ($1.36).

Insiders Place Their Bets

In other AO World news, insider Chris Hopkinson bought 14,000 shares of AO World stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of GBX 90 ($1.12) per share, with a total value of £12,600 ($15,685.30). Insiders own 50.77% of the company’s stock.

AO World Company Profile

AO World plc, together with its subsidiaries, engages in the online retailing of domestic appliances the United Kingdom and Germany. It retails fridge and freezers; laundry products; dishwashers; and audiovisual equipment, as well as computing, mobile, gaming, and smart home technology products. The company provides logistics and transport services.