Access Holdings Ticks Up, Equity Analysts See 60% Upside
Nigeria’s largest banking group, Access Holdings Plc, experienced a soft price uptick in the equities segment of the Nigerian Exchange (NGX) as investors reposition ahead of the third quarter earnings season.
The financial services group has boosted its shareholders’ wealth by 9% since the beginning of the year to date, reflecting its share price volatility.
Last week, Access Holdings’ share price rose to N26.5 on Friday as 71.739 million units valued at N1.866 billion were traded across deals last week. The intermittent rally has persisted as markets anticipate earnings releases.
Trading activities in the stock market remained strong despite Access Holdings’ first half of 2025 earnings delay. The banking group recorded significant trading volume, but its share price movement remained constrained.
But in a note, equity analysts at Cowry Asset Limited projected 60% upside potential in Access Holdings. The investment firm sets a target price for Access Holdings at N42.4 kobo.
A slew of equity analysts also told MarketForces Africa that Access Holdings is underpriced versus its immediate rivals in the stock market. Its share price increased from N25.85 at the beginning of last week to N26.5 on Friday – trading close to its highest value in 52 weeks.
The Nigerian Exchange placed N1.412 trillion as the market value of Access Holdings Plc’s 53.317 billion shares outstanding in the local bourse – 8.5% below its highest valuation attained in the last 12 months.
Access Holdings extended its half-year earnings release, and it remains the only tier 1 lender that has not posted its financial scorecard for the period in the market. This development has reduced bargain hunting for the stock, and with the third quarter looming, analysts anticipate an adjustment to its share price. How MTN Nigeria Survives the Tide, Boosts Shareholders’ Value by 110%
