AO World plc (LON:AO – Get Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 109.08 ($1.46) and traded as low as GBX 108 ($1.44). AO World shares last traded at GBX 112.40 ($1.50), with a volume of 352,262 shares.
Analysts Set New Price Targets
Several brokerages have commented on AO. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 120 ($1.61) price target on shares of AO World in a research report on Thursday, June 27th. Jefferies Financial Group upped their target price on shares of AO World from GBX 125 ($1.67) to GBX 150 ($2.01) and gave the company a “buy” rating in a report on Thursday, June 27th.
Get Our Latest Report on AO World
AO World Stock Performance
Insiders Place Their Bets
In other AO World news, insider Chris Hopkinson sold 2,000,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of GBX 117 ($1.57), for a total transaction of £2,340,000 ($3,130,016.05). Company insiders own 47.09% of the company’s stock.
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.
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