Jarden analyst Kieran Chidgey maintained a Hold rating on AMP Limited (AMLTF – Research Report) on February 15 and set a price target of A$1.15. The company’s shares closed last Tuesday at $0.62.
According to TipRanks, Chidgey is a 4-star analyst with an average return of 6.5% and a 65.36% success rate. Chidgey covers the Financial sector, focusing on stocks such as ASX Limited, AMP Limited, and Challenger Limited.
Currently, the analyst consensus on AMP Limited is a Hold with an average price target of $0.71, implying a 13.65% upside from current levels. In a report released on February 15, Morgan Stanley also maintained a Hold rating on the stock with a A$1.06 price target.
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AMLTF market cap is currently $1.99B and has a P/E ratio of 173.20.
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AMP Limited (AMLTF) Company Description:
AMP Ltd. is a holding company, which engages in the provision of insurance, pensions, fund management, banking, and personal financial services. It operates through the following segments: Wealth Management (WM); AMP Capital; AMP Bank; New Zealand Wealth Management (NZWM); and Australian and New Zealand Wealth Protection (WP) and Mature. The WM segment offers financial advice, platform and software administration, unit linked superannuation, retirement income, and managed investment products business. The AMP Capital segment involves in the provision of investment services for domestic and international customers. The AMP Bank segment consists of residential mortgages, deposits, and transaction banking. The NZWM segment encompasses the wealth management and financial advice and distribution business in New Zealand. The Australian and New Zealand WP and Mature segment includes individual and group term, disability and income protection insurance products. The company was founded in 1849 and is headquartered in Sydney, Australia.
