Jefferies Financial Group Has Lowered Expectations for AO World (LON:AO) Stock Price

AO World (LON:AO) had its price objective lowered by equities researchers at Jefferies Financial Group from GBX 160 to GBX 155 in a research report issued to clients and investors on Friday, Digital Look reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 66.67% from the company’s previous close.

AO World Price Performance

Shares of AO opened at GBX 93 on Friday. AO World has a 12-month low of GBX 77.15 and a 12-month high of GBX 120.40. The business has a 50-day simple moving average of GBX 94.06 and a two-hundred day simple moving average of GBX 91.57. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 36.92. The stock has a market cap of £540.83 million, a PE ratio of 21.21, a PEG ratio of -2.13 and a beta of 1.23.

Insider Activity

In other news, insider Mark Higgins sold 105,340 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was 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 firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of GBX 98, for a total transaction of £179,496.80. 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.