AMP - Citi rates the stock as Neutral
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Neutral/High Risk rating retained with Citi analysts commenting so far AMP is proving "reasonably resilient" to the impact from the Royal Commission. There has been, among other threats, no mass exodus from its wealth management division.
Irrespective, risks remain high for fines, the new CEO re-basing financials, more re-pricing of products, plus who knows what industry changes lie afoot? Minimal changes have been made to estimates. Target price retained at $3.50.
Target price is $3.50.Current Price is $3.49. Difference: $0.01 - (brackets indicate current price is over target). If AMP meets the Citi target it will return approximately 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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