Breaking: Bernstein Reconfirms GBX 220 Price Target On Old Mutual (LON:OML) Shares, Reconfirms Their Original Market Perform Rating

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Old Mutual (LON:OML) Rating Reaffirmed

London: In analysts note shared with investors on Monday morning, Bernstein reaffirmed their Market Perform rating on Old Mutual (LON:OML) shares. They now have a GBX 220 target price on the company. Bernstein’s target would suggest a potential upside of 30.10% from the company’s last close 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 216.44 with a 33.90% above today’s (GBX 167.9) stock price. Old Mutual was the topic of 27 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 10 with “Underperform” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 235 target share price in a report from a November 5. Barclays Capital maintained OML stock in a recent report from December 1 with “Overweight” 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 10.23M shares of stock traded hands or 9.76% up from the average. Old Mutual plc (LON:OML) has declined 32.25% since May 15, 2015 and is downtrending. It has underperformed by 27.83% the S&P500.

Breaking: Bernstein Reconfirms GBX 220 Price Target On Old Mutual (LON:OML) Shares, Reconfirms Their Original Market Perform Rating

Old Mutual plc is a South Africa-based mutual life insurance company. The company has a market cap of 8.28 billion GBP. The Company’s primary business activities are life assurance, asset management business, banking, and property and casualty. It has 12.09 P/E ratio. The Firm operates under the following four business divisions.

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