Old Mutual plc (LON:OML) dropped 0% during trading on Friday . The stock traded as low as GBX 243.20 ($3.36) and last traded at GBX 246.40 ($3.40). Approximately 9,670,000 shares changed hands during trading, a decline of 15% from the average daily volume of 11,390,000 shares. The stock had previously closed at GBX 246.40 ($3.40).
OML has been the topic of several analyst reports. Shore Capital reissued a “buy” rating on shares of Old Mutual in a research report on Tuesday, December 19th. Barclays boosted their price target on shares of 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. Finally, Deutsche Bank reissued a “buy” rating and set a GBX 245 ($3.38) price target on shares of Old Mutual in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Old Mutual currently has a consensus rating of “Hold” and a consensus target price of GBX 208.25 ($2.88).
The company has a market capitalization of $12,150.00 and a price-to-earnings ratio of 1,642.67.
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About Old Mutual
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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