Old Mutual plc (OML) Given New GBX 205 Price Target at Goldman Sachs Group Inc
Old Mutual plc (LON:OML) had its price objective cut by Goldman Sachs Group Inc from GBX 230 ($2.97) to GBX 205 ($2.65) in a research report report published on Monday. They currently have a neutral rating on the stock.
A number of other analysts also recently issued reports on the company. Deutsche Bank AG reissued a hold rating and issued a GBX 240 ($3.10) target price on shares of Old Mutual plc in a research report on Wednesday, May 3rd. Shore Capital reissued a buy rating on shares of Old Mutual plc in a research report on Friday, April 28th. Royal Bank of Canada raised their target price on Old Mutual plc from GBX 160 ($2.07) to GBX 180 ($2.33) and gave the stock an underperform rating in a research report on Friday, March 17th. Finally, JPMorgan Chase & Co. raised Old Mutual plc to an overweight rating and raised their target price for the stock from GBX 220 ($2.85) to GBX 236 ($3.05) in a research report on Friday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 210.80 ($2.73).
Old Mutual plc (LON:OML) traded up 1.25% on Monday, hitting GBX 194.00. The company had a trading volume of 9,644,594 shares. The stock’s market capitalization is GBX 9.09 billion. The stock has a 50 day moving average of GBX 200.90 and a 200-day moving average of GBX 203.91. Old Mutual plc has a one year low of GBX 163.90 and a one year high of GBX 229.84.
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The business also recently declared a dividend, which was paid on Friday, April 28th. Stockholders of record on Thursday, March 30th were given a GBX 3.39 ($0.04) dividend. The ex-dividend date was Thursday, March 30th. This is a boost from Old Mutual plc’s previous dividend of $2.67. This represents a dividend yield of 1.51%.
About Old Mutual plc
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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