Medibank Private has received an additional capital adequacy requirement from APRA of $250m in relation to the cybercrime event. The requirement will apply until key remediation targets are met.

While the company has sufficient capital to meet this new requirement, Morgan Stanley suspects there may be more capital  management conservatism in the short term.

Equal-Weight rating and $3.43 target price retained. Industry view is In-Line.

Sector: Insurance.

Target price is $3.43.Current Price is $3.44. Difference: ($0.01) - (brackets indicate current price is over target). If MPL meets the Morgan Stanley target it will return approximately 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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