AMP shares: buy, sell or hold?

AMP shares: buy, sell or hold?

When AMP Ltd (ASX: AMP) went public in 1998, it was a well-liked option for individual investors. But during the last five years, the business has seen a great deal of upheaval, including many chief executives, a harsh Royal Commission, and accusations of sexual harassment among top leaders. Since its high in March 2018, the price of AMP shares has decreased by 81%.

According to CMC Markets, just one out of the nine analysts that cover the stock rate it as a buy right now. Five recommend a hold, while three are urging investors to sell . Even Barrenjoey and Citigroup Inc (NYSE: C) brokers downgraded their outlook for AMP shares after the company gave a quarterly update . The AMP share price has plunged 20.8% since 15 September .

It seems most experts think AMP shares are a falling knife that should not be caught with bare hands . Therefore, it might be best to avoid buying AMP shares at this time.

However, if you already own AMP shares, it might be best to hold on to them for now. According to The Motley Fool Australia, AMP shares are not a value buy at the moment . The company has been through a lot of turmoil, and it might take some time for it to recover. However, if you are a long-term investor, it might be worth holding on to your shares and waiting for the company to turn things around.

In conclusion, AMP shares are not a buy at the moment, and it might be best to avoid them.

However, if you already own AMP shares, it might be best to hold on to them for now. The company has been through a lot of turmoil, and it might take some time for it to recover. If you are a long-term investor, it might be worth holding on to your shares and waiting for the company to turn things around.

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