Shore Capital Reiterates Sell Rating for AO World (AO)

AO World (LON:AO)‘s stock had its “sell” rating reaffirmed by analysts at Shore Capital in a research report issued to clients and investors on Thursday.

A number of other equities research analysts have also recently commented on AO. JPMorgan Chase & Co. lowered their target price on AO World from GBX 140 ($1.90) to GBX 125 ($1.70) and set a “neutral” rating on the stock in a report on Wednesday, November 22nd. Peel Hunt reiterated a “buy” rating and set a GBX 145 ($1.97) target price on shares of AO World in a report on Friday, December 1st. Jefferies Group reiterated a “hold” rating and set a GBX 120 ($1.63) target price on shares of AO World in a report on Tuesday, January 2nd. Finally, Numis Securities reiterated a “buy” rating and set a GBX 200 ($2.71) target price on shares of AO World in a report on Thursday. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 142.43 ($1.93).

AO World (LON:AO) traded up GBX 10.60 ($0.14) during midday trading on Thursday, reaching GBX 141.60 ($1.92). The company had a trading volume of 1,145,782 shares, compared to its average volume of 265,490. AO World has a 12-month low of GBX 98 ($1.33) and a 12-month high of GBX 190.57 ($2.58). The stock has a market cap of $649.64 and a P/E ratio of -3,540.00.

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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.

Analyst Recommendations for AO World (LON:AO)

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