AMP (AMLTF) was downgraded to a Hold Rating at Goldman Sachs
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Currently, the analyst consensus on AMP is a Moderate Buy with an average price target of $1.03, an 8.23% upside from current levels. In a report released today, Jefferies also downgraded the stock to a Hold with a A$1.80 price target.
Based on AMP 's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.29 billion and a net profit of $83 million. In comparison, last year the company earned a revenue of $1.14 billion and had a GAAP net loss of $34 million
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMLTF in relation to earlier this year.
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