Old Mutual (LON:OMU) PT Lowered to GBX 59

Old Mutual (LON:OMU) had its price objective dropped by research analysts at Barclays from GBX 60 ($0.76) to GBX 59 ($0.75) in a research note issued on Thursday, MarketBeat reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 10.28% from the company’s current price.

Old Mutual Stock Up 1.5 %

Shares of LON:OMU opened at GBX 53.50 ($0.68) on Thursday. The company has a debt-to-equity ratio of 96.32, a quick ratio of 0.37 and a current ratio of 0.44. Old Mutual has a 1 year low of GBX 42.90 ($0.54) and a 1 year high of GBX 58.30 ($0.74). The stock has a market capitalization of £2.63 billion, a P/E ratio of 764.29 and a beta of 1.11. The stock has a 50-day simple moving average of GBX 53.56 and a 200-day simple moving average of GBX 51.46.

Old Mutual Company Profile

Old Mutual Limited, together with its subsidiaries, provides financial services primarily in South Africa and rest of Africa. The company operates through Mass and Foundation Cluster, Personal Finance and Wealth Management, Old Mutual Investments, Old Mutual Corporate, Old Mutual Insure, and Old Mutual Africa Regions segments.