Old Mutual plc (LON:OML) shares were up 0.4% on Monday . The stock traded as high as GBX 249.50 ($3.45) and last traded at GBX 247.50 ($3.42). Approximately 7,060,000 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 11,500,000 shares. The stock had previously closed at GBX 246.40 ($3.40).
Several research analysts have weighed in on OML shares. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 245 ($3.38) target price on shares of Old Mutual in a research report on Thursday, November 2nd. Shore Capital reaffirmed a “buy” rating on shares of Old Mutual in a research report on Tuesday, December 19th. Finally, Barclays upped their target price on Old Mutual from GBX 188 ($2.60) to GBX 203 ($2.80) and gave the stock an “equal weight” rating in a research report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Old Mutual currently has an average rating of “Hold” and a consensus target price of GBX 208.25 ($2.88).
The stock has a market cap of $12,210.00 and a P/E ratio of 1,650.00.
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Old Mutual Company Profile
Old Mutual plc is a United Kingdom-based holding company. The Company’s business activities include life assurance, banking, and property and casualty The Company’s segments include Emerging Markets, Nedbank, and Old Mutual Wealth. The Other segment includes central activities. The Emerging Markets segment is engaged in providing life assurance, property and casualty, asset management and banking services.
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