UBS analyst Scott Russell maintained a Sell rating on Insignia Financial Ltd (IOOFF – Research Report) today and set a price target of A$2.30. The company’s shares closed last Friday at $1.30.
Russell covers the Financial sector, focusing on stocks such as Suncorp Group Limited, Challenger Limited, and Insignia Financial Ltd. According to TipRanks, Russell has an average return of 8.6% and a 67.96% success rate on recommended stocks.
Currently, the analyst consensus on Insignia Financial Ltd is a Hold with an average price target of $1.80, implying a 38.46% upside from current levels. In a report released today, Citi also maintained a Sell rating on the stock with a A$2.20 price target.
IOOFF market cap is currently $1.06B and has a P/E ratio of -38.23.
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Insignia Financial Ltd (IOOFF) Company Description:
IOOF Holdings Ltd. engages in the provision of financial products and services. It operates through the following segments: Financial Advice and Distribution, Portfolio and Estate Administration, Investment Management, Ex-ANZ Wealth Management, and Corporate and Other. The Financial Advice and Distribution segment includes financial planning advice and stockbroking services supported by investment research, training, compliance support, and access to financial products. The Portfolio and Estate Administration segment offers administration and management services through master trust platforms, which offer a single access point to a range of investment products. The Investment Management segment comprises of management and investment of monies on behalf of corporate, superannuation, institutional clients, and private individual investor clients. The Ex-ANZ Wealth Management segment delivers financial planning advice services. The Corporate and Other segment refers to the strategic, shareholder or governance nature incurred in carrying on business as a listed entity managing multiple business units. The company was founded in 1846 and is headquartered in Melbourne, Australia.
