Old Mutual Upgraded to Buy at Investec (OML)
Old Mutual (LON:OML) was upgraded by research analysts at Investec to a “buy” rating in a report released on Tuesday, Analyst Ratings Net reports. The firm currently has a GBX 213.78 ($3.51) price objective on the stock. Investec’s price objective points to a potential upside of 10.08% from the stock’s previous close.
Shares of Old Mutual (LON:OML) traded up 0.83% on Tuesday, hitting GBX 194.20. The stock had a trading volume of 16,024,423 shares. Old Mutual has a 52 week low of GBX 169.30 and a 52 week high of GBX 223.90. The stock’s 50-day moving average is GBX 175.6 and its 200-day moving average is GBX 190.3. The company’s market cap is £8.615 billion.
OML has been the subject of a number of other recent research reports. Analysts at Avior Research reiterated an “outperform” rating on shares of Old Mutual in a research note to investors on Monday. They now have a GBX 224.91 ($3.69) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Old Mutual in a research note to investors on Tuesday, January 14th. They now have a GBX 230 ($3.78) price target on the stock. Finally, analysts at Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of Old Mutual in a research note to investors on Friday, December 13th. They now have a GBX 146 ($2.40) price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. Old Mutual presently has a consensus rating of “Buy” and a consensus target price of GBX 216.23 ($3.55).
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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