SBG Securities Reiterates Buy Rating for Old Mutual plc (OML)
Old Mutual plc (LON:OML)‘s stock had its “buy” rating reaffirmed by analysts at SBG Securities in a research report issued to clients and investors on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 225 ($3.79) price target on the stock. SBG Securities’ price objective points to a potential upside of 8.70% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Old Mutual plc in a research note on Thursday, May 8th. They now have a GBX 202 ($3.40) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of Old Mutual plc in a research note on Thursday, April 24th. They now have a GBX 224 ($3.77) 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, April 8th. They now have a GBX 230 ($3.87) price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 212.56 ($3.58).
Old Mutual plc (LON:OML) traded up 0.72% on Tuesday, hitting GBX 208.50. The stock had a trading volume of 2,614,566 shares. Old Mutual plc has a one year low of GBX 168.10 and a one year high of GBX 223.20. The stock has a 50-day moving average of GBX 200.6 and a 200-day moving average of GBX 193.3. The company’s market cap is £9.274 billion.
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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