Old Mutual plc (OML) Price Target Raised to GBX 180 at Royal Bank of Canada

Old Mutual plc (LON:OML) had its price target increased by Royal Bank of Canada from GBX 160 ($1.98) to GBX 180 ($2.22) in a research note published on Friday. The brokerage currently has an underperform rating on the stock.

OML has been the topic of several other research reports. JPMorgan Chase & Co. upgraded shares of Old Mutual plc to an overweight rating and lifted their price objective for the company from GBX 220 ($2.72) to GBX 236 ($2.91) in a research report on Friday, January 27th. Barclays PLC cut shares of Old Mutual plc to an equal weight rating and reduced their price objective for the company from GBX 220 ($2.72) to GBX 193 ($2.38) in a research report on Monday, December 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 204.25 ($2.52).

Shares of Old Mutual plc (LON:OML) traded up 1.63% during midday trading on Friday, hitting GBX 224.90. 5,950,699 shares of the stock were exchanged. The company’s market capitalization is GBX 10.54 billion. Old Mutual plc has a 1-year low of GBX 163.90 and a 1-year high of GBX 229.84. The firm has a 50-day moving average of GBX 216.90 and a 200-day moving average of GBX 202.97.

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The firm also recently announced a dividend, which will be paid on Friday, April 28th. Investors of record on Thursday, March 30th will be issued a GBX 3.39 ($0.04) dividend. The ex-dividend date is Thursday, March 30th. This is a positive change from Old Mutual plc’s previous dividend of $2.67. This represents a dividend yield of 1.51%.

About Old Mutual plc

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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