EARNINGS DOWN UBS HAS THE SP @ 82C FOR AMP, page-84

The broker community is largely divided on the AMP share price.

For example ,over at UBS, its analysts have a sell rating and 82 cents price target on its shares. This implies potential downside of approximately 11% for investors from current levels.

Then you have the team at Citi, which is sitting on the fence with its neutral rating and 90cents price target. This is largely in line with where its shares trade today.

While its analysts were pleased with news that AMP's class action has now been settled, it still doesn't appear to see a compelling enough risk/reward to recommend it as a buy.

Commenting on the class action settlement, it said:

Citi also highlights that the "BoLR settlement paves the way for third tranche capital return."

Though, that won't be the only return to look out for. Citi is forecasting a 5 cents per share dividend in FY 2023 and FY 2024, which equates to a 5.4% dividend yield.

Finally, over at Ord Minnett, its analysts see plenty of value on offer with AMP shares right now. They have an accumulate rating and $1.30 pricetarget, which suggests potential upside of 41% for investors over the next 12months