AO World (AO) Given “Sell” Rating at Shore Capital
A number of other brokerages have also recently issued reports on AO. Numis Securities reiterated a buy rating and set a GBX 200 ($2.71) price objective on shares of AO World in a report on Thursday. Peel Hunt reiterated a buy rating and set a GBX 145 ($1.97) price objective on shares of AO World in a report on Friday, December 1st. JPMorgan Chase & Co. reduced their price objective on shares of AO World from GBX 140 ($1.90) to GBX 125 ($1.70) and set a neutral rating for the company in a report on Wednesday, November 22nd. Finally, Jefferies Group reiterated a hold rating and set a GBX 120 ($1.63) price objective on shares of AO World in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. AO World currently has an average rating of Hold and an average price target of GBX 145.67 ($1.98).
Shares of AO World (LON AO) traded down GBX 0.20 ($0.00) during midday trading on Thursday, hitting GBX 140.80 ($1.91). 822,226 shares of the stock were exchanged, compared to its average volume of 330,518. The firm has a market capitalization of $645.97 and a PE ratio of -3,520.00. AO World has a 52-week low of GBX 98 ($1.33) and a 52-week high of GBX 178 ($2.41).
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About AO World
AO World Plc is an online retailer of electrical products. The Company operates through two segments: online retailing of domestic appliances to customers in the UK, and online retailing of domestic appliances to customers in Europe (excluding the United Kingdom). The Company offers over 5,500 stock keeping units (SKUs) in the United Kingdom, approximately 2,000 in Germany and over 600 in the Netherlands.
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