Access Holdings Rated Buy on 56% Upside Potential
Equities analysts at Futureview Financial Services Limited have estimated more than 56% potential return investment in Access Holdings Plc stocks amidst ongoing rights issue.
The pan African financial services holdings company market price is tracking Futureview Financial Services estimated target price of N30 per share.
In its stock recommendation, Futureview equities analysts rated Access Holdings Plc buy at N19.20 with expectation of 56.25% return. The banking share climbed from N19.05 to N19.20 in the stock market on Monday.
Investors are expected to take position in the company’s stocks ahead of release of unaudited financial statement for the second quarter of 2024.
Access Holdings Plc share price had peaked at N30.70 in the local bourse following strong buying interest in the market. The Ticker: ACCESSCORP is trading at more than 37% discount to its 52-week, based on its latest market data.
Futureview guides investors to buy the stock as the investment firm expects a mixed performance in the equities market, driven by subdued investor sentiment.
Access Plc is in the market to raise fund via rights issue of 17,772,612,811 ordinary shares at N19.75 per share, on the basis of 1 ordinary share for every 2 ordinary shares held as at June 7, 2024 Futureview Guides Sell Rating on Dangote Cement
