AO World plc (LON:AO) Insider Sells £2,340,000 in Stock

AO World plc (LON:AO) insider Chris Hopkinson sold 2,000,000 shares of AO World 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

Shares of AO opened at GBX 114.20 ($1.47) on Monday. The firm has a market cap of £660.73 million, a PE ratio of 2,284.00, a PEG ratio of -2.13 and a beta of 0.91. The stock’s fifty day moving average price is GBX 113.32 and its two-hundred day moving average price is GBX 102.85. 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 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 brokerages recently commented on AO. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 120 ($1.54) price target on shares of AO World in a report on Thursday, June 27th. Shore Capital upgraded AO World to a “buy” rating in a research note on Wednesday, April 10th. Jefferies Financial Group boosted their target price on AO World from GBX 125 ($1.61) to GBX 150 ($1.93) and gave the company a “buy” rating in a research note on Thursday, June 27th. Finally, Canaccord Genuity Group boosted their target price on AO World from GBX 52 ($0.67) to GBX 75 ($0.96) and gave the company a “sell” rating in a research note on Wednesday, April 17th.

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.