Old Mutual plc’s Overweight Rating Reaffirmed at Barclays (OML)
Old Mutual plc (LON:OML)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays in a research report issued on Wednesday, Analyst Ratings News reports. They currently have a GBX 215 ($3.58) target price on the stock. Barclays’ price objective would indicate a potential upside of 15.16% from the company’s current price.
Old Mutual plc (LON:OML) traded down 0.16% during mid-day trading on Wednesday, hitting GBX 186.70. The stock had a trading volume of 10,977,663 shares. Old Mutual plc has a 52 week low of GBX 168.10 and a 52 week high of GBX 223.90. The stock has a 50-day moving average of GBX 172. and a 200-day moving average of GBX 188.1. The company’s market cap is £8.282 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of Old Mutual plc in a research note on Monday. They now have a GBX 146 ($2.43) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Old Mutual plc in a research note on Wednesday, February 19th. They now have a GBX 210 ($3.49) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Old Mutual plc in a research note on Tuesday, February 4th. They now have a GBX 230 ($3.83) price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Old Mutual plc has an average rating of “Buy” and a consensus target price of GBX 214.56 ($3.57).
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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