AO World (LON:AO) Rating Lowered to "Hold" at Deutsche Bank Aktiengesellschaft

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 cut shares of AO World (LON:AO - Free Report) to a hold rating in a report issued on Monday morning, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has GBX 105 ($1.41) price objective on the stock, down from their prior price objective of GBX 135 ($1.82).

AO World Trading Up 0.2%

Shares of AO traded up GBX 0.20 ($0.00) during midday trading on Monday, hitting GBX 89.30 ($1.20). 160,782 shares of the stock were exchanged, compared to its average volume of 22,969. AO World has a 52-week low of GBX 77.15 ($1.04) and a 52-week high of GBX 120.40 ($1.62). The stock has a fifty day simple moving average of GBX 96.13 and a 200 day simple moving average of GBX 97.20. The firm has a market cap of £519.31 million, a P/E ratio of 20.36, a P/E/G ratio of -2.13 and a beta of 1.06. The company has a debt-to-equity ratio of 43.05, a quick ratio of 0.48 and a current ratio of 0.95.

AO World (LON:AO - Get Free Report) last released its quarterly earnings results on Wednesday, June 18th. The company reported GBX 1.70 ($0.02) EPS for the quarter. AO World had a return on equity of 18.96% and a net margin of 2.48%. On average, research analysts anticipate that AO World will post 4.8263419 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider John Roberts sold 2,000,000 shares of AO World stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of GBX 97 ($1.30), for a total value of £1,940,000 ($2,609,280.43). Also, insider Mark Higgins sold 147,090 shares of AO World stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of GBX 96 ($1.29), for a total value of £141,206.40 ($189,921.18). Over the last quarter, insiders sold 3,397,090 shares of company stock valued at $328,020,640. 47.09% of the stock is currently owned by company insiders.

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.