Canaccord Genuity Group Boosts AO World (LON:AO) Price Target to GBX 75

AO World (LON:AO) had its target price lifted by equities researchers at Canaccord Genuity Group from GBX 52 ($0.65) to GBX 75 ($0.93) in a research note issued on Wednesday, MarketBeat.com reports. The firm presently has a “sell” rating on the stock. Canaccord Genuity Group’s target price indicates a potential downside of 28.02% from the company’s previous close.

Separately, Shore Capital upgraded shares of AO World to a “buy” rating in a research note on Wednesday, April 10th.

AO World Stock Performance

AO opened at GBX 104.20 ($1.30) on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.88 and a debt-to-equity ratio of 65.04. The stock’s 50 day moving average price is GBX 94.96 and its two-hundred day moving average price is GBX 90.50. The firm has a market capitalization of £602.87 million, a P/E ratio of 2,076.00, a price-to-earnings-growth ratio of -2.13 and a beta of 0.92. AO World has a 12-month low of GBX 61.99 ($0.77) and a 12-month high of GBX 109.40 ($1.36).

Insider Activity at AO World

In other news, insider Chris Hopkinson acquired 14,000 shares of AO World stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of GBX 90 ($1.12) per share, for a total transaction of £12,600 ($15,685.30). 50.77% of the stock is owned by corporate 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.