Chris Hopkinson Sells 2,000,000 Shares of AO World plc (LON:AO) Stock

AO World plc (LON:AO) insider Chris Hopkinson sold 2,000,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of GBX 117 ($1.51), for a total value of £2,340,000 ($3,010,033.44).

AO World Stock Performance

LON:AO opened at GBX 114.20 ($1.47) on Friday. The company has a debt-to-equity ratio of 65.04, a current ratio of 0.88 and a quick ratio of 0.48. The firm has a 50-day moving average of GBX 113.32 and a two-hundred day moving average of GBX 102.74. The stock has a market cap of £660.73 million, a P/E ratio of 2,284.00, a PEG ratio of -2.13 and a beta of 0.91. AO World plc has a 1-year low of GBX 61.99 ($0.80) and a 1-year high of GBX 112 ($1.44).

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of AO World from GBX 52 ($0.67) to GBX 75 ($0.96) and gave the stock a “sell” rating in a research report on Wednesday, April 17th. Shore Capital raised shares of AO World to a “buy” rating in a research report on Wednesday, April 10th. Jefferies Financial Group upped their price target on shares of AO World from GBX 125 ($1.61) to GBX 150 ($1.93) and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 120 ($1.54) price target on shares of AO World in a research report on Thursday, June 27th.

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.