Old Mutual plc (OML) Shares Down 1.3%
Old Mutual plc (LON:OML)’s share price traded down 1.3% during mid-day trading on Tuesday . The company traded as low as GBX 198.20 ($2.63) and last traded at GBX 198.20 ($2.63). 6,598,542 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 8,276,890 shares. The stock had previously closed at GBX 200.90 ($2.67).
A number of equities analysts have issued reports on the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 230 ($3.06) target price on shares of Old Mutual plc in a research report on Monday, August 14th. Shore Capital reaffirmed a “buy” rating on shares of Old Mutual plc in a research report on Friday, August 11th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 205 ($2.72) target price on shares of Old Mutual plc in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 214 ($2.84).
The stock’s 50 day moving average is GBX 198.29 and its 200-day moving average is GBX 197.31. The stock’s market cap is GBX 9.29 billion.
The company also recently disclosed a dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Thursday, September 21st will be issued a dividend of GBX 3.53 ($0.05) per share. This represents a dividend yield of 1.69%. The ex-dividend date is Thursday, September 21st. This is a positive change from Old Mutual plc’s previous dividend of $3.39.
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About Old Mutual plc
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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