AO World plc (LON:AO – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 91.12 and traded as high as GBX 92.70. AO World shares last traded at GBX 88.20, with a volume of 68,090 shares traded.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 155 price objective on shares of AO World in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 132.33.
Check Out Our Latest Analysis on AO
AO World Price Performance
Insider Activity at AO World
In other news, insider John Roberts sold 5,359,056 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of GBX 90, for a total value of £4,823,150.40. Company insiders own 47.09% 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. In addition, it engages in the investment activities; and waste electrical and electronic equipment (WEEE) recycling activities. The company sells its products through its websites, marketplaces, and third-party websites.
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