Old Mutual plc Receives Average Rating of “Buy” from Brokerages (LON:OML)
Shares of Old Mutual plc (LON:OML) have received an average rating of “Buy” from the fourteen brokerages that are presently covering the stock, Stock Ratings Network reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 213.39 ($3.53).
A number of research firms have recently commented on OML. 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 ($3.81) 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 ($3.72) price target on the stock.
Shares of Old Mutual plc (LON:OML) opened at 196.40 on Friday. 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 196.7 and a 200-day moving average of GBX 196.6. The company’s market cap is £8.763 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 31st. Investors of record on Wednesday, September 24th will be paid 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.
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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