Shares of Old Mutual plc (LON:OML) traded up 0% on Tuesday . The stock traded as high as GBX 199.20 ($2.68) and last traded at GBX 197.80 ($2.66). 12,010,028 shares changed hands during trading, an increase of 30% from the average session volume of 9,220,000 shares. The stock had previously closed at GBX 197.80 ($2.66).
Several analysts have recently weighed in on the company. Deutsche Bank reissued a “buy” rating and set a GBX 245 ($3.30) price objective on shares of Old Mutual in a report on Thursday, November 2nd. Goldman Sachs Group reissued a “neutral” rating and set a GBX 205 ($2.76) price objective on shares of Old Mutual in a report on Tuesday, September 12th. Finally, Shore Capital reissued a “buy” rating on shares of Old Mutual in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Old Mutual has an average rating of “Hold” and a consensus price target of GBX 216.50 ($2.91).
In related news, insider Bruce Hemphill sold 182,263 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of GBX 193 ($2.60), for a total value of £351,767.59 ($473,442.25).
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Old Mutual Company Profile
Old Mutual plc is a United Kingdom-based holding company. The Company’s business activities include life assurance, asset management business, banking, and property and casualty The Company’s segments include Emerging Markets, Nedbank, Old Mutual Wealth and Institutional Asset Management. The Other segment includes central activities.
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