Dangote Cement Opens at 19% Discount to 52-Week High

Dangote Cement Opens at 19% Discount to 52-Week High

Dangote Cement’s share price will open on the Nigerian Exchange (NGX) trading platform on Monday at a 19% discount to its 52-week high after investors trimmed holdings last week.

The cement company’s share price declined by 10% on the local bourse as investor sentiment weakened amid broader selling pressure.

A normally less-volatile cement company’s share price closed at N963 on a one-off transaction led by sell-side actors, down from N1070 at the beginning of the week’s activities.

Dangote Cement’s movement mirrored trading activity on the local bourse, with a decline of more than N2.4 trillion in market capitalisation.  The cement company’s share will open the new week at a 19% discount to its 52-week high on the local bourse.

The industrial sector market mover, with 16.873 billion outstanding shares, lost 10% of its market value, closing at N16.249 trillion on NGX last week.

Dangote Cement delivered a strong revenue performance in Q1 2026, up by 20.4% year-on-year (y/y) to ₦1.2 trillion. The growth was primarily driven by robust performance in the Nigerian market, supported by higher selling prices and volume expansion.

In its equity report, CSL Stockbrokers said they expect sustained demand from ongoing infrastructure development and real estate activities to continue supporting topline growth.

CSL Stockbrokers forecasted 24.3% year-on-year growth in revenue to ₦5.4 trillion. 

Analysts said the cement company’s earnings outlook remains favourable, underpinned by strong operating leverage, disciplined cost management, and continued investments in compressed natural gas (CNG) logistics and alternative fuel systems.

“These initiatives are expected to enhance operational efficiency and lower production and distribution costs. Furthermore, reduced foreign exchange exposure and a more stable exchange rate environment should help moderate finance costs.

“As a result, we forecast Profit Before Tax (PBT) to increase by 60.0% y/y to ₦2.4 trillion in FY 2026, compared with ₦1.5 trillion in FY 2025”, the investment firm said in its report.

Analysts also increased the target price for Dangote Cement following the revised earnings projections and improved outlook for FY 2026 to N1,359.79/s from N827.47/s previously Dangote Cement Hits 52-Week High on 12% Price Surge