AO World’s (AO) “Buy” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

AO World (LON:AO)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Thursday, LSE.Co.UK reports. They currently have a GBX 120 ($1.52) price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 5.08% from the stock’s previous close.

A number of other brokerages have also recently commented on AO. Shore Capital raised AO World to a “buy” rating in a research note on Wednesday, April 10th. Canaccord Genuity Group raised their price objective on AO World from GBX 52 ($0.66) to GBX 75 ($0.95) and gave the company a “sell” rating in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group raised their price objective on AO World from GBX 125 ($1.59) to GBX 150 ($1.90) and gave the company a “buy” rating in a research note on Thursday.

AO World Trading Up 1.1 %

Shares of AO traded up GBX 1.20 ($0.02) during mid-day trading on Thursday, reaching GBX 114.20 ($1.45). 3,335,398 shares of the company were exchanged, compared to its average volume of 22,969. AO World has a 52 week low of GBX 61.99 ($0.79) and a 52 week high of GBX 112 ($1.42). The company has a debt-to-equity ratio of 65.04, a quick ratio of 0.48 and a current ratio of 0.88. The stock has a market capitalization of £660.73 million, a PE ratio of 2,284.00, a PEG ratio of -2.13 and a beta of 0.91. The business has a 50 day simple moving average of GBX 108.36 and a two-hundred day simple moving average of GBX 98.51.

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.