What’s Old Mutual plc Upside After Today’s Huge Increase?

 What's Old Mutual plc Upside After Today's Huge Increase?

The stock of Old Mutual plc (LON:OML) is a huge mover today! The stock increased 1.16% or GBX 2.3 on November 9, hitting GBX 200. About 13.83 million shares traded hands or 23.81% up from the average. Old Mutual plc (LON:OML) has risen 4.38% since April 12, 2016 and is uptrending. It has underperformed by 0.40% the S&P500.
The move comes after 7 months positive chart setup for the GBX 9.86 billion company. It was reported on Nov, 9 by Barchart.com. We have GBX 262.00 PT which if reached, will make LON:OML worth GBX 3.06 billion more.

Old Mutual plc (LON:OML) Ratings Coverage

Out of 12 analysts covering Old Mutual (LON:OML), 6 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 50% are positive. Old Mutual has been the topic of 63 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was upgraded by Shore Capital to “Buy” on Friday, March 11. UBS maintained Old Mutual plc (LON:OML) on Friday, February 5 with “Buy” rating. As per Thursday, October 15, the company rating was maintained by Bernstein. The company was maintained on Thursday, December 24 by AlphaValue. The stock of Old Mutual plc (LON:OML) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, October 27. The stock has “Buy” rating given by SBG Securities on Tuesday, February 9. Bernstein maintained the stock with “Market Perform” rating in Friday, January 15 report. UBS maintained Old Mutual plc (LON:OML) on Monday, September 14 with “Buy” rating. The firm earned “Overweight” rating on Monday, March 7 by Barclays Capital. The firm has “Reduce” rating by AlphaValue given on Tuesday, March 8.

More recent Old Mutual plc (LON:OML) news were published by: Bloomberg.com which released: “Old Mutual Confident Most Investors Will Support CEO Pay Plans” on June 03, 2016. Also Bloomberg.com published the news titled: “Old Mutual Said to Mull Wealth Unit Sale, Dropping IPO, on Costs” on September 20, 2016. Bloomberg.com‘s news article titled: “Old Mutual Split Forges Ahead Even as Brexit Risks Returns” with publication date: June 28, 2016 was also an interesting one.

Old Mutual plc is a United Kingdom-based holding company. The company has a market cap of 9.86 billion GBP. The Company’s business activities include life assurance, asset management business, banking, and property and casualty The Company’s divisions include Emerging Markets, Nedbank, Old Mutual Wealth and Institutional Asset Management. It has a 15.42 P/E ratio. The Other segment includes central activities.

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