Old Mutual plc Stock Rating Reaffirmed by Sanford C. Bernstein (OML)
Old Mutual plc (LON:OML)‘s stock had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Thursday. They currently have a GBX 230 ($3.86) target price on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 19.29% from the stock’s previous close.
Old Mutual plc (LON:OML) opened at 192.20 on Thursday. Old Mutual plc has a 52 week low of GBX 168.10 and a 52 week high of GBX 211.521. The stock has a 50-day moving average of GBX 197.2 and a 200-day moving average of GBX 195.5. The company’s market cap is £8.576 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 31st. Investors of record on Wednesday, September 24th will be given a dividend of GBX 2.45 ($0.04) per share. This represents a dividend yield of 1.29%. The ex-dividend date is Wednesday, September 24th.
Several other analysts have also recently commented on the stock. Analysts at SBG Securities reiterated a “buy” rating on shares of Old Mutual plc in a research note on Monday, August 4th. They now have a GBX 225 ($3.77) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Old Mutual plc in a research note on Thursday, July 10th. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Old Mutual plc in a research note on Thursday, July 3rd. They now have a GBX 202 ($3.39) price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 213.39 ($3.58).
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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