Old Mutual plc (OML) Given Average Rating of “Hold” by Brokerages
Old Mutual plc (LON:OML) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 214 ($2.84).
Several equities research analysts have commented on OML shares. Goldman Sachs Group Inc reiterated a “neutral” rating and issued a GBX 205 ($2.72) price objective on shares of Old Mutual plc in a research note on Tuesday, July 4th. Shore Capital reiterated a “buy” rating on shares of Old Mutual plc in a research note on Friday, August 11th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a GBX 230 ($3.06) price objective on shares of Old Mutual plc in a research note on Monday, August 14th.
Old Mutual plc (LON OML) opened at 197.20 on Friday. Old Mutual plc has a 12 month low of GBX 182.30 and a 12 month high of GBX 229.84. The firm’s 50-day moving average price is GBX 197.42 and its 200-day moving average price is GBX 197.16. The firm’s market cap is GBX 9.24 billion.
The business also recently declared a dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Thursday, September 21st will be paid a dividend of GBX 3.53 ($0.05) per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a dividend yield of 1.69%. This is a positive change from Old Mutual plc’s previous dividend of $3.39.
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Old Mutual plc Company Profile
Old Mutual plc is a United Kingdom-based holding company. The Company’s business activities include life assurance, asset management business, banking, and property and casualty The Company’s segments include Emerging Markets, Nedbank, Old Mutual Wealth and Institutional Asset Management. The Other segment includes central activities.
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