Old Mutual Rating Reiterated by AlphaValue (OML)
Old Mutual (LON:OML)‘s stock had its “add” rating reiterated by equities researchers at AlphaValue in a research report issued on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 212 ($3.40) price objective on the stock. AlphaValue’s price target would indicate a potential upside of 15.09% from the company’s current price.
Old Mutual (LON:OML) traded up 3.09% during mid-day trading on Thursday, hitting GBX 189.90. 7,302,778 shares of the company’s stock traded hands. Old Mutual has a 52-week low of GBX 165.00 and a 52-week high of GBX 223.90. The stock’s 50-day moving average is GBX 179.9 and its 200-day moving average is GBX 195.. The company’s market cap is £8.424 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Old Mutual in a research note to investors on Tuesday. They now have a GBX 190 ($3.05) price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Old Mutual in a research note to investors on Monday, September 30th. They now have a GBX 220 ($3.53) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Old Mutual from GBX 217 ($3.48) to GBX 230 ($3.69) in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Old Mutual has a consensus rating of “Buy” and a consensus target price of GBX 214.77 ($3.45).
Old Mutual plc is an international long-term savings, investment and protection company. The Company provides short-term insurance solutions in southern Africa through Mutual & Federal.
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