Barclays Cuts Old Mutual (OTCMKTS:ODMUF) Price Target to GBX 62

Old Mutual (OTCMKTS:ODMUFGet Rating) had its price objective reduced by Barclays from GBX 63 ($0.74) to GBX 62 ($0.73) in a research report report published on Tuesday morning, The Fly reports.

Separately, Citigroup initiated coverage on Old Mutual in a report on Tuesday, October 11th. They set a neutral rating for the company.

Old Mutual Price Performance

Shares of OTCMKTS ODMUF opened at $0.65 on Tuesday. Old Mutual has a 12 month low of $0.40 and a 12 month high of $0.70. The business has a 50-day moving average of $0.45 and a 200-day moving average of $0.52.

About Old Mutual

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Old Mutual Limited, through 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 Rest of Africa segments.

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