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

AO World (LON:AO) had its price objective upped by investment analysts at Canaccord Genuity Group from GBX 52 ($0.65) to GBX 75 ($0.93) in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “sell” rating on the stock. Canaccord Genuity Group’s price target points to a potential downside of 28.02% from the company’s current price.

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

AO World Stock Up 0.4 %

AO opened at GBX 104.20 ($1.30) on Wednesday. The company has a debt-to-equity ratio of 65.04, a current ratio of 0.88 and a quick ratio of 0.48. AO World has a 12 month low of GBX 61.99 ($0.77) and a 12 month high of GBX 109.40 ($1.36). The stock has a market capitalization of £602.87 million, a P/E ratio of 2,076.00, a P/E/G ratio of -2.13 and a beta of 0.92. The business has a 50 day simple moving average of GBX 94.96 and a 200-day simple moving average of GBX 90.50.

Insider Transactions at AO World

In related news, insider Chris Hopkinson acquired 14,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of GBX 90 ($1.12) per share, for a total transaction of £12,600 ($15,685.30). Insiders own 50.77% of the company’s stock.

About AO World

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.