AO World (LON:AO) Price Target Increased to GBX 75 by Analysts at Canaccord Genuity Group

AO World (LON:AO) had its price target hoisted by Canaccord Genuity Group from GBX 52 ($0.65) to GBX 75 ($0.93) in a report released on Wednesday, Marketbeat reports. The firm currently has a sell rating on the stock.

Separately, Shore Capital raised AO World to a buy rating in a research note on Wednesday, April 10th.

AO World Trading Down 1.7 %

Shares of AO World stock opened at GBX 102.40 ($1.27) on Wednesday. AO World has a 1-year low of GBX 61.99 ($0.77) and a 1-year high of GBX 109.40 ($1.36). 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 stock has a market cap of £592.46 million, a P/E ratio of 2,084.00, a P/E/G ratio of -2.13 and a beta of 0.92. The stock’s 50 day simple moving average is GBX 95.26 and its 200-day simple moving average is GBX 90.63.

Insiders Place Their Bets

In other news, insider Chris Hopkinson purchased 14,000 shares of AO World stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of GBX 90 ($1.12) per share, with a total value of £12,600 ($15,685.30). 50.77% of the stock is owned by insiders.

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.