Old Mutual plc (OML) Given “Buy” Rating at Deutsche Bank AG

Deutsche Bank AG restated their buy rating on shares of Old Mutual plc (LON:OML) in a research report released on Monday morning. Deutsche Bank AG currently has a GBX 240 ($3.02) price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada raised their price objective on shares of Old Mutual plc from GBX 160 ($2.01) to GBX 180 ($2.26) and gave the stock an underperform rating in a research note on Friday, March 17th. Barclays PLC downgraded shares of Old Mutual plc to an equal weight rating and lowered their price objective for the stock from GBX 220 ($2.76) to GBX 193 ($2.43) in a research note on Monday, December 12th. Finally, JPMorgan Chase & Co. upgraded shares of Old Mutual plc to an overweight rating and raised their price objective for the stock from GBX 220 ($2.76) to GBX 236 ($2.97) in a research note on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 211.40 ($2.66).

Analyst Recommendations for Old Mutual plc (LON:OML)

Shares of Old Mutual plc (LON:OML) opened at 215.00 on Monday. The firm’s market cap is GBX 10.07 billion. The company has a 50 day moving average of GBX 219.39 and a 200-day moving average of GBX 204.12. Old Mutual plc has a 12-month low of GBX 163.90 and a 12-month high of GBX 229.84.

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The firm also recently declared a dividend, which will be paid on Friday, April 28th. Shareholders of record on Thursday, March 30th will be paid a dividend of GBX 3.39 ($0.04) per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a yield of 1.51%. This is an increase from Old Mutual plc’s previous dividend of $2.67.

Old Mutual plc Company Profile

Old Mutual plc is a United Kingdom-based holding company. The Company’s business activities include life assurance, asset management business, banking, and property and casualty The Company’s segments include Emerging Markets, Nedbank, Old Mutual Wealth and Institutional Asset Management. The Other segment includes central activities.

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