The broker is forecasting a profit of $53.7m and a 25c dividend, with its expectation being for some evidence of pressure on margins given strong competition in the mortgage sector.
It continues to view the stock as fully valued.
Target price is $12.61. Current Price is $13.85. Difference: ($1.24) – (brackets indicate current price is over target). If BEN meets the ABN Amro target it will return approximately -10% (excluding dividends, fees and charges – negative figures indicate an expected loss).