Old Mutual plc (LON:OML)’s share price dropped 3.5% during mid-day trading on Friday . The stock traded as low as GBX 246 ($3.40) and last traded at GBX 246 ($3.40). Approximately 12,010,000 shares changed hands during trading, an increase of 2% from the average daily volume of 11,770,000 shares. The stock had previously closed at GBX 254.80 ($3.52).

OML has been the subject of several analyst reports. Deutsche Bank restated a “buy” rating and set a GBX 245 ($3.38) target price on shares of Old Mutual in a research report on Friday, November 17th. Shore Capital restated a “buy” rating on shares of Old Mutual in a research report on Tuesday, December 19th. Finally, Barclays boosted their target price on 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 208.25 ($2.88).

The company has a market cap of $12,130.00 and a PE ratio of 1,640.00.

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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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