Zenith Bank Target Price Sets at N107.50, 44% Upside
With a buy rating, equity analysts have set Zenith Bank Plc’s target price at N107.50 at a time when the company’s share price was N74.65.
In its weekly stock recommendation, investment firm Cowry Asset Limited told investors that Zenith Bank Plc has 44% upside potential at the reference price on forecasted earnings per share of N10.93.
On the Nigerian Exchange, Zenith Bank shares have been fluctuating below N78.50, its highest value in the last 52 weeks. The bank share price slipped to N72.55 on Wednesday as a sell-side actor took advantage of its recent price appreciations.
Zenith Bank trading volumes have been heavy all through the week, driven by profit takers ahead of the second quarter of financial year 2025 earnings release and interim dividends announcement.
Market analysts anticipate these catalysts—earnings and interim dividends—would force a new reaction in the local bourse, depending on the growth rate for the first half. Investors and shareholders are projected to react to healthy performance positively in the absence of earnings shock.
At the close of the trading session on Wednesday, the market value of Zenith Bank Plc’s 41.069 billion shares outstanding settled at N2.979 trillion, about a 7.6% discount to its highest valuation in 52 weeks. #Zenith Bank Target Price Sets at N107.50, 44% Upside Oando: Strategic Capital Moves Signal Path to Recovery, Positive Outlook
