AO World plc (LON:AO – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 109.79 ($1.44) and traded as low as GBX 106.20 ($1.39). AO World shares last traded at GBX 108.80 ($1.42), with a volume of 112,017 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 120 ($1.57) price target on shares of AO World in a research report on Thursday, June 27th. Jefferies Financial Group increased their target price on shares of AO World from GBX 125 ($1.64) to GBX 150 ($1.96) and gave the stock a “buy” rating in a report on Thursday, June 27th.
View Our Latest Research Report on AO World
AO World Stock Down 0.6 %
Insider Buying and Selling
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 ($1.53), for a total transaction of £2,340,000 ($3,062,426.38). 47.09% of the stock is currently owned by 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.
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