Investment Firms See Upside in Holding Ecobank Shares
Ecobank Transnational Incorporation attracted buying recommendation from investment firms as analysts see significant upside potential amidst plan to redeem promissory notes.
Data from the Nigerian Exchange showed that market value of the Pan African group’s 18.349 billion shares outstanding declined to N660.583 billion at the close
Equity analysts at Apel Asset Limited estimated 185.09% upside potential for investors holding shares in Ecobank Transnational Incorporated at reference price of N36.55.
Trading data showed Ecobank has boosted shareholders wealth by 30.54% from the beginning of the year to date. This reflects investors’ positive sentiment, supported by the group diversified earnings from across key African markets.
Data from the Nigerian Exchange however showed that Ecobank share price fell to N36 at the close of trading session for the week as 111,716 units valued at N3.927 million were executed in the market.
Equity analysts at Apel Asset Limited estimated fair value of Ecobank was set at N104.30, which is 185.09% highest than its reference stock market price of N36.55.
Trading data revealed that Ecobank price movement has been limited to N39.25 in the last 52 weeks in the local bourse. The banking group had hit its bottom at N20.09 within the same period.
With buy recommendation, CardinalStone Securities Limited sets a 12-month Target Price of N46.41, implying a 28.9% upside from the reference price of N36.
Ecobank delivered a resilient first half of 2025, reaffirming its capacity for sustained growth across its pan-African operations.
The group’s profit after tax increased by 22.7% year on year to $278.8 million in the first half of 2025, lifting earnings per share (EPS) to $0.0079 from $0.0064 in the comparable period in 2024.
Analysts at CardinalStone Securities Limited said the group’s strong performance was underpinned by an 11.9% increase in net interest income (NII) and a 12.9% uplift in non-interest revenue (NIR), which cumulatively cascaded to a 12.4% rise in operating income to $1.1 billion.
Analysts revealed Ecobank is currently in the process of redeeming its $200.0 million promissory notes, which are set to mature in 2027. In May 2025, $50.0 million was paid. An additional $50.0 million is scheduled for payment in 2026, followed by $100.0 million in 2027. #Investment Firms See Upside in Holding Ecobank Shares #
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