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AMP Limited (AMLTF) Receives a Hold from Ord Minnett

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The word on The Street in general, suggests a Hold analyst consensus rating for AMP Limited with a $0.79 average price target, representing a -3.8% downside. In a report issued on April 28, Morgan Stanley also maintained a Hold rating on the stock with a price target.

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The company has a one-year high of $0.98 and a one-year low of $0.61. Currently, AMP Limited has an average volume of 5,081.

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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.

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