Old Mutual plc Given Consensus Recommendation of “Buy” by Analysts (LON:OML)
Old Mutual plc (LON:OML) has received an average recommendation of “Buy” from the fourteen analysts that are presently covering the stock, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 213.39 ($3.57).
A number of analysts have recently weighed in on OML shares. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Old Mutual plc in a research note on Thursday, August 14th. They now have a GBX 230 ($3.84) price target on the stock. Separately, 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 ($3.76) price target on the stock.
Shares of Old Mutual plc (LON:OML) traded down 0.10% during mid-day trading on Friday, hitting GBX 196.40. 3,465,044 shares of the company’s stock traded hands. Old Mutual plc has a 1-year low of GBX 168.10 and a 1-year high of GBX 211.521. The stock has a 50-day moving average of GBX 197.0 and a 200-day moving average of GBX 196.1. The company’s market cap is £8.763 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 31st. Stockholders of record on Wednesday, September 24th will be given a dividend of GBX 2.45 ($0.04) per share. This represents a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, September 24th.
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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