Anchoria Securities Sees 38% Upside in Fidelity Bank
A Lagos-based investment firm, Anchoria Securities Limited, has set 38.2% upside potential for Fidelity Bank Plc as the market anticipates the Nigerian lender’s Q4 earnings release.
Market value of Fidelity Bank Plc.’s 50.212 billion outstanding shares in the Nigerian stock market closed at about N934 billion, according to its trading data.
Traded at N18.60 per share, Anchoria Securities Limited estimated N25.70 as the bank’s price target, with 38.2% upside expectation.
The investment firm said Fidelity Bank’s earnings outlook remains solid, supported by balance sheet growth, strong retail penetration, and resilient non-interest income.
Despite modest year-to-date underperformance, fundamentals remain intact, equity analysts said, adding the bank’s capital adequacy and asset quality are improving.
They expressed a view that Fidelity Bank’s valuation remains compelling relative to peers. The stock is rated buy on its attractive valuation with earnings recovery potential. #Anchoria Securities Sees 38% Upside in Fidelity Bank Oando Delivers 67% EPS Surge in FY2025
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