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Is AMP a good investment opportunity?, page-217

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HAC30

5,633 Posts.

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29/01/19

13:43

Post #: 37251419
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Originally posted by Danger32 ↑

Originally posted by BaltasarG
When brokers start issuing more downgrades its a good time to buy. It's pretty much what they're doing. Sell serving salesmen is a better term than broker.
Macquarie have a neutral rating and have lowered price target to $2.50 (from $2.70)

AMP – Macquarie rates the stock as Neutral

By Broker News | More Articles by Broker News

The company’s dividend has been cut to $0.04 per share following additional provisions for advice remediation and a $100m top up to reserves.
Macquarie notes, while the capital position appears light, this should be rectified following completion of the Resolution Life transaction. However, any future capital management activities could be delayed while remediation expense programs are being run.
The broker maintains a Neutral rating and reduces the target to $2.50 from $2.70.
Sector: Insurance.
Target price is $2.50.Current Price is $2.34. Difference: $0.16 – (brackets indicate current price is over target). If AMP meets the Macquarie target it will return approximately 6% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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Morgan Stanley - Down to $2.50 (the biggest bulls).
Shaws - $1.80
Bells - $1.83

AMP Price at posting: $2.29 Sentiment: Sell Disclosure: Held
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(20min delay)
Last $1.54		Change 0.018(1.15%)		Mkt cap ! $3.860B

Open	High	Low	Value	Volume
$1.51	$1.54	$1.51	$1.732M	1.130M

Buyers (Bids)

No.	Vol.	Price($)
14	52935	$1.54

Sellers (Offers)

Price($)	Vol.	No.
$1.54	49564	17

View Market Depth

No.	Vol.	Price($)
14	52935	1.535
20	125981	1.530
16	58171	1.525
13	108344	1.520
10	101852	1.515

Price($)	Vol.	No.
1.540	49564	17
1.545	169233	29
1.550	278096	25
1.555	103604	11
1.560	390940	13

Last trade - 11.57am 18/11/2024 (20 minute delay)

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