AO World's (AO) Buy Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies reaffirmed a "Buy" rating on AO World with a GBX 155 price target, implying roughly +74.55% upside from the current share price.
• Shares opened at GBX 88.80 and were down about 2.4%; the stock has a market cap of £516.4m and trades at a P/E of 20.25, with 50- and 200-day moving averages of GBX 95.02 and 101.71 respectively.
• Significant insider selling has occurred recently—John Roberts sold 2.5m shares and Chris Hopkinson 700k, with insiders selling 4.2m shares over the last 90 days—although insiders still own 47.09% of the company.

AO World (LON:AO - Get Free Report)'s stock had its "buy" rating restated by analysts at Jefferies Financial Group in a research report issued on Friday,London Stock Exchange reports. They presently have a GBX 155 price objective on the stock. Jefferies Financial Group's target price indicates a potential upside of 74.55% from the stock's current price.

AO World Trading Down 2.4%

Shares of LON:AO opened at GBX 88.80 on Friday. AO World has a 52-week low of GBX 77.15 and a 52-week high of GBX 120.40. The stock has a market cap of £516.40 million, a price-to-earnings ratio of 20.25, a PEG ratio of -2.13 and a beta of 1.24. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 41.38. The business has a 50-day moving average price of GBX 95.02 and a 200-day moving average price of GBX 101.71.

Insider Activity

In other news, insider John Roberts sold 2,500,000 shares of the firm's stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of GBX 105, for a total value of £2,625,000. Also, insider Chris Hopkinson sold 700,000 shares of the firm's stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of GBX 107, for a total value of £749,000. Over the last 90 days, insiders sold 4,200,000 shares of company stock valued at $444,400,000. Company 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. In addition, it engages in the investment activities; and waste electrical and electronic equipment (WEEE) recycling activities. The company sells its products through its websites, marketplaces, and third-party websites.

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