Old Mutual (OML) Receives “Buy” Rating from Shore Capital

Old Mutual (LON:OML)‘s stock had its “buy” rating reissued by Shore Capital in a report issued on Tuesday, December 19th.

A number of other equities analysts also recently weighed in on the stock. Deutsche Bank reaffirmed a “buy” rating and set a GBX 245 ($3.32) target price on shares of Old Mutual in a research note on Thursday, November 2nd. Barclays increased their price target on shares of Old Mutual from GBX 188 ($2.55) to GBX 203 ($2.75) and gave the company an “equal weight” rating in a report on Monday, December 11th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a GBX 205 ($2.78) price target on shares of Old Mutual in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 218.17 ($2.96).

Shares of Old Mutual (OML) traded up GBX 3.50 ($0.05) during trading hours on Tuesday, hitting GBX 228.80 ($3.10). 23,550,242 shares of the stock traded hands, compared to its average volume of 10,080,000. Old Mutual has a 52-week low of GBX 184.20 ($2.50) and a 52-week high of GBX 232.30 ($3.15). The company has a market capitalization of $11,290.00 and a P/E ratio of 1,525.33.

In other Old Mutual news, insider Bruce Hemphill sold 182,263 shares of Old Mutual stock in a transaction on Monday, November 6th. The shares were sold at an average price of GBX 193 ($2.62), for a total value of £351,767.59 ($477,037.69).

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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, banking, and property and casualty The Company’s segments include Emerging Markets, Nedbank, and Old Mutual Wealth. The Other segment includes central activities. The Emerging Markets segment is engaged in providing life assurance, property and casualty, asset management and banking services.

Analyst Recommendations for Old Mutual (LON:OML)

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