Citi retains rating, PT on Australia's Perpetual after Q4 results

Perpetual

23/07/2025 01:01

** Citi retains "neutral" on Perpetual PPT.AX; holds PT at A$21.00 after co's fourth-quarter results on Tuesday

** Financial services company posted AUM of A$226.8 bln ($148.64 bln) as at June end, up 2.5% from Q3

** Citi says share price direction will track outcome of wealth management sale process in near-term, with co engaged in discussions with interested parties

        ** Stock rated "buy" on avg; median PT is A$21.45, per data compiled by LSEG

** PPT up 3.6% this year, as of last close

($1 = A$1.5258)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))