Old Mutual plc (LON:OML) shares shot up 0% during mid-day trading on Friday . The company traded as high as GBX 187.40 ($2.46) and last traded at GBX 190.70 ($2.51). 8,594,479 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 8,220,000 shares. The stock had previously closed at GBX 190.70 ($2.51).
A number of research firms recently issued reports on OML. Shore Capital reiterated a “buy” rating on shares of Old Mutual plc in a report on Friday, August 11th. The Goldman Sachs Group, Inc. reiterated a “neutral” rating and issued a GBX 205 ($2.70) target price on shares of Old Mutual plc in a report on Tuesday, September 12th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a GBX 230 ($3.03) target price on shares of Old Mutual plc in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 216.50 ($2.85).
In other Old Mutual plc news, insider Bruce Hemphill sold 182,263 shares of Old Mutual plc stock in a transaction dated Monday, November 6th. The stock was sold at an average price of GBX 193 ($2.54), for a total transaction of £351,767.59 ($462,669.46).
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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