Citi eyes restoration of dividend policy for Australia's AMP soon
17/07/2024 22:23
** Analysts at Citi remain optimistic on Australia's AMP
AMP.AX 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
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))