Old Mutual (LON:OML) Rating Reaffirmed
London: In a recent research report sent to investors and clients on Thursday, 10 December, RBC Capital Markets reconfirmed their Underperform rating on Old Mutual (LON:OML) shares. They now have a GBX 180 target on the firm. RBC Capital Markets’s target gives a potential downside of -2.54% from the company’s closing share price.
From a total of 9 analysts covering Old Mutual (LON:OML) stock, 5 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 42% of the ratings are positive. The highest target price is GBX 255 while the lowest target price is GBX 165. The mean of all analyst targets is GBX 219.44 with a 29.65% above today’s (GBX 175.6) stock price. Old Mutual was the topic of 26 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 7 with “Market Perform” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 235 target share price in a report from a November 5. RBC Capital Markets maintained OML stock in a recent report from November 10 with “Sector Perform” rating. AlphaValue maintained the rating on August 20. AlphaValue has a “Reduce” rating and a GBX 210 price target on shares. Finally, Goldman Sachs maintained the stock with “Buy” rating in a report issued on an October 9.
Approximately 9.83M shares of stock traded hands or 29.00% up from the average. Old Mutual plc (LON:OML) has declined 14.00% since May 13, 2015 and is downtrending. It has underperformed by 12.06% the S&P500.
Old Mutual plc is a South Africa-based mutual life insurance company. The company has a market cap of 8.63 billion GBP. The Company’s primary business activities are life assurance, asset management business, banking, and property and casualty. It has 12.64 P/E ratio. The Firm operates under the following four business divisions.