AO World plc (LON:AO) had its price objective lowered by research analysts at J P Morgan Chase & Co from GBX 140 ($1.84) to GBX 125 ($1.64) in a research report issued on Wednesday. The brokerage currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 10.86% from the company’s previous close.
Several other analysts also recently weighed in on AO. Shore Capital reiterated a “sell” rating on shares of AO World plc in a research report on Tuesday. Peel Hunt assumed coverage on shares of AO World plc in a research report on Thursday, November 16th. They issued a “buy” rating and a GBX 145 ($1.91) price objective on the stock. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 148.86 ($1.96).
Shares of AO World plc (LON:AO) opened at GBX 112.75 ($1.48) on Wednesday. AO World plc has a 52-week low of GBX 98 ($1.29) and a 52-week high of GBX 192.30 ($2.53).
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AO World Plc is an online retailer of electrical products. The Company operates through two segments: online retailing of domestic appliances to customers in the UK, and online retailing of domestic appliances to customers in Europe (excluding the United Kingdom). The Company offers over 5,500 stock keeping units (SKUs) in the United Kingdom, approximately 2,000 in Germany and over 600 in the Netherlands.
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