AO World (LON:AO – Free Report) had its price objective trimmed by Jefferies Financial Group from GBX 160 to GBX 155 in a research report report published on Friday morning,Digital Look reports. The firm currently has a buy rating on the stock.
AO World Stock Performance
AO stock opened at GBX 89.70 on Friday. AO World has a 1-year low of GBX 77.15 and a 1-year high of GBX 120.40. The business has a 50-day moving average price of GBX 93.93 and a 200 day moving average price of GBX 91.54. The company has a market capitalization of £521.64 million, a P/E ratio of 20.45, a PEG ratio of -2.13 and a beta of 1.23. The company has a debt-to-equity ratio of 36.92, a current ratio of 1.09 and a quick ratio of 0.48.
Insider Activity at AO World
In related news, insider Mark Higgins sold 105,340 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of GBX 98, for a total value of £103,233.20. Also, insider John Roberts sold 183,160 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of GBX 98, for a total value of £179,496.80. Company insiders own 47.09% of the company’s stock.
More AO World News
- Positive Sentiment: AO World agreed to acquire Jessops from entrepreneur Peter Jones, expanding beyond large electrical appliances into cameras and related products. The deal could broaden AO’s customer base, create cross-selling opportunities and support its wider growth strategy. The Guardian article about AO World acquiring Jessops
- Positive Sentiment: Reports said AO World’s profit increased by about a fifth, providing evidence of improved operating performance and supporting the investment case. Proactive Investors article on AO World profit growth
- Positive Sentiment: Jefferies retained a “buy” rating on AO World, indicating that it still sees upside potential despite reducing its price target from GBX 160 to GBX 155. Ticker Report article on Jefferies’ AO World rating
- Negative Sentiment: The lower Jefferies target reflects a more cautious near-term valuation view. Investors also appear concerned that the Jessops acquisition will require successful integration and may add execution risk before delivering meaningful returns. London Loves Business article on AO World’s cautious outlook
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. 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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