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 ($3.82) price objective on the stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 12.86% from the stock’s previous close.
Shares of Old Mutual plc (LON:OML) opened at 204.40 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’s 50-day moving average is GBX 197.2 and its 200-day moving average is GBX 197.. The company’s market cap is £9.120 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.
OML has been the subject of a number of other recent research reports. 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 ($3.73) 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 ($3.35) price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Old Mutual plc currently has a consensus rating of “Buy” and a consensus target price of GBX 213.39 ($3.54).
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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