GTCO Climbs to N3.43trn, Beats Equities Analysts Target Prices
Guaranty Trust Holdings Company (GTCO) Plc. climbed in the equities to approximately N3.43 trillion due to sustained bargain hunting, with the latest London Stock Exchange listing driving bargain hunting.
According to trading details obtained from the Nigerian Exchange, GTCO’s share price increased to N94.1 on Friday as 21.324 million units valued at N2.006 billion exchanged hands among value hunters. Its share price has surpassed target prices set by a number of investment firms.
MarketForces Africa notices some equities analysts have upgraded their estimate to align with the new narrative following GTCO’s London Stock Exchange listing and its successful equity raise.
In their separate notes, stockbrokers reported that offshore investors staked bets on GTCO, pushing the dual-listed stock to a 52-week high of N95 before it retraced.
GTCO’s expanded market value was fuelled by investors’ sentiment after the group successfully listed its equities raise on LSE, and boosted its shares outstanding with a new listing in the local bourse.
With a buying recommendation, equities analysts at Cowry Asset Limited set a target price of N131.70 for GTCO—representing 40% upside potential. Anchoria Securities Limited set N92.30 as the target price for the counter at a reference price of N82.50, with a 44.74% year-to-date return on investors’ money.
In June, Zedcrest Wealth Limited upgraded GTCO’s target price to N97.58 from N84.79 when its market capitalisation was N2.34 trillion.
Analysts expect GTCO to sustain dividend payments, following its 2024 payout of N8.00, as the bank had fully provisioned and written off its forbearance exposures last year.
Following a strong Q1 performance, where gross earnings rose to N373.7 billion, marking a 38% y/y increase, GTCO is well-positioned to deliver steady growth for the full year, Zedcrest said in its second half of 2025 outlook.
.The investment firm projected that GTCO’s gross earnings will increase by 11.5% y/y to N2.39 trillion in FY’25, driven primarily by a 9.1% rise in interest income to N1.46 trillion.
The firm said this growth reflects the bank’s continued emphasis on optimizing high-yielding assets and prudent loan book expansion. Despite an anticipated 25.4% increase in interest expenses to N355 billion, analysts estimated that its net interest income will grow modestly by 2.8% year on year to N947.8 billion.
This reflects GTCO’s disciplined risk management and improved asset quality, which have helped contain credit losses and support stable net interest margins, Zedcrest said in its report.
Profit before tax (PBT) is forecasted to increase by 9.2% year on year to N1.38 trillion, while profit after tax (PAT) is expected to grow sharply by 28.6% to N1.31 trillion in financial year 2025, benefiting from a favourable tax environment and strong earnings efficiency.
Analysts said the robust bottom-line growth underscores GTCO’s resilience and ability to generate sustainable shareholder value.
GTCO’s strategic focus on maintaining asset quality, optimizing funding costs, and investing in digital transformation positions it well to navigate the evolving banking landscape in H2 2025, the report highlighted. #GTCO Climbs to N3.43trn, Beats Equities Analysts Target Prices Zenith Bank Soars to N2.9Trn, Investors Eye Earning, Dividend
