Old Mutual plc Rating Reiterated by SBG Securities (OML)

By Hasmir Abdula

Old Mutual plc (LON:OML)‘s stock had its "buy" rating restated by equities researchers at SBG Securities in a research report issued on Tuesday, American Banking News.com reports.


They currently have a GBX 225 ($3.79) price target on the stock. SBG Securities’ target price points to a potential upside of 8.70% from the stock’s previous close.
Old Mutual plc (LON:OML) opened at 207.80 on Tuesday. Old Mutual plc has a 52-week low of GBX 168.10 and a 52-week high of GBX 223.20. The stock has a 50-day moving average of GBX 200.6 and a 200-day moving average of GBX 193.3. The company’s market cap is £9.243 billion.


A number of other analysts have also recently weighed in on OML.

Analysts at Nomura reiterated a "neutral" rating on shares of Old Mutual plc in a research note on Thursday, May 8th. They now have a GBX 202 ($3.40) price target on the stock. Separately, analysts at Goldman Sachs reiterated a "buy" rating on shares of Old Mutual plc in a research note on Thursday, April 24th. They now have a GBX 224 ($3.77) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an

"outperform" rating on shares of Old Mutual plc in a research note on Tuesday, April 8th. They now have a GBX 230 ($3.87) price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock.

The stock presently has a consensus rating of "Buy" and an average target price of GBX 212.56 ($3.58).

Old Mutual plc is an international long-term savings, investment and protection company. The Company provides short-term insurance solutions in southern Africa through Mutual & Federal.


Source Mideast Time