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    Anchoria Securities Sees 38% Upside in Fidelity Bank

    Olu AnisereBy Updated:No Comments1 Min Read
    Anchoria Securities Sees 38% Upside in Fidelity Bank
    Fidelity Bank

    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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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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