UBS thinks the AMP share price has risen too far. It has a sell rating on the business and a price target of $1.20. In other words, the broker suggests the ASX financial share could fall 30% in the next year.
will it be a dead cat bounce over the rest of the year following a 1c dividend and minimal earnings to support 2,5 billion shares
Platforms underlying NPAT was up 18.9% to $107 million Superannuation & Investments underlying NPAT was up 26.4% to $67 million AMP Bank underlying NPAT was down 22.6% to $72 million New Zealand Wealth Management underlying NPAT was up 8.8% to $37 millions
AMP is positioned to drive growth and build on opportunities in our wealth businesses to become a pre-eminent retirement specialist, and as a leading digital bank.
will this be as good as it gets ?
AMP Price at posting:
$1.49 Sentiment: None Disclosure: Not Held
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