Citi eyes restoration of dividend policy for Australia's AMP soon
Jul 18, 2024
** Analysts at Citi remain optimistic on Australia's AMP AMP with the expectations that a dividend policy of the financial company will be restored soon
** Brokerage forecasts reasonable profit growth over the near-term for the financial services company
** Expects positive factors around the firm to eventually move the share price higher
** However, if AMP could materially improve its platform flows, we think this would be a bigger swing factor - Citi
** Brokerage has a "buy" rating on stock and a PT of A$1.25
** Two out of 10 analysts rate stock "buy" or higher, six "hold" and two "sell"; their median PT is A$1.16 – LSEG data
** Stock has risen 23.7% YTD, as of last close
Citi eyes restoration of dividend policy for Australia's AMP...
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Last
$1.53 |
Change
0.010(0.66%) |
Mkt cap ! $3.860B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.55 | $1.52 | $15.80M | 10.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 80077 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 102476 | 6 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AMP (ASX) Chart |