Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Lafarge Rated Buy after Exciting Earnings Outturn in Q1-2021 After a solid start to the year, equity analysts at Chapel Hill Denham said they have retained buy rating on Lafarge Africa Plc. (Ticker: WAPCO) stock, with a 12-month target price of N34.22. Recall the second largest among the cement oligarchs recently published unaudited Q1-2021 results with annualised earnings per share of N2.27. According to analysts, reported earnings per ordinary share came 13.3% stronger than what the cement company reported in the comparable period in 2020. Chapel Hill Denham equity research analysts believe this comes in a stark disappointment when compared…

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