AO World (LON:AO) Downgraded by Deutsche Bank Aktiengesellschaft to "Hold"

Key Points

• Deutsche Bank Aktiengesellschaft downgraded AO World to a "hold" rating and reduced its price target from GBX 135 ($1.79) to GBX 105 ($1.40), indicating a potential upside of 16.02% from the closing price.
• Shares of AO World traded down 1.2%, with the stock currently at GBX 90.50 ($1.20), and a market capitalization of £526.29 million.
• Insiders sold a significant amount of stock recently, with transactions totaling over £141,206 and £485,000, raising concerns about insider confidence.

Deutsche Bank Aktiengesellschaft downgraded shares of AO World (LON:AO - Free Report) to a hold rating in a report published on Monday, Marketbeat Ratings reports. They currently have GBX 105 ($1.41) price target on the stock, down from their prior price target of GBX 135 ($1.82).

AO World Price Performance

LON AO traded down GBX 1.20 ($0.02) on Monday, reaching GBX 88 ($1.18). The company's stock had a trading volume of 369,060 shares, compared to its average volume of 22,969. AO World has a twelve month low of GBX 77.15 ($1.04) and a twelve month high of GBX 120.40 ($1.62). The company has a debt-to-equity ratio of 43.05, a quick ratio of 0.48 and a current ratio of 0.95. The firm's 50 day moving average is GBX 96.41 and its two-hundred day moving average is GBX 97.25. The stock has a market cap of £511.75 million, a PE ratio of 20.07, a PEG ratio of -2.13 and a beta of 1.06.

AO World (LON:AO - Get Free Report) last released its earnings results on Wednesday, June 18th. The company reported GBX 1.70 ($0.02) earnings per share for the quarter. AO World had a net margin of 2.48% and a return on equity of 18.96%. As a group, sell-side analysts predict that AO World will post 4.8263419 EPS for the current year.

Insider Activity

In other AO World news, insider John Roberts sold 2,000,000 shares of AO World stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of GBX 97 ($1.30), for a total transaction of £1,940,000 ($2,608,929.53). Also, insider Mark Higgins sold 147,090 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of GBX 96 ($1.29), for a total transaction of £141,206.40 ($189,895.64). Over the last ninety days, insiders sold 3,647,090 shares of company stock worth $352,270,640. 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.