Equities Analysts Bearish on Wema Bank after 32% Return
In 2025, Wema Bank Plc share has gained about 32%, and analysts are of the view the stock is already overpriced as per Atlass Portfolios Limited sell recommendation or have limited upside potential as per Apel Asset Limited estimate.
In its stock market recommendation, Apel Asset Limited told investors that Wema Bank upside is less than 5%, suggesting near peak price before profit takings.
Apel Asset Limited estimated fair value of Wema Bank Plc at N12.45 per share. The estimated price was slightly higher than the bank’s closing price of N12 on Friday on the Nigerian Exchange.
This showed that Wema Bank only has 3.72% upside potential based on the current stock market price. “Over the next twelve months, we expect the stock to range between <-15% and <+15% from the current market price”, Apel explained hold recommendation in its note.
Atlass Portfolios Limited see negative upside of more than 4%, and set the stock on sell bucket at target price of N11.50 in the stock market. It thus means that Wema Bank has become overpriced based on Atlass estimates.
From the beginning of the year to date, Wema Bank has gained 31.87% following a spike in share price. Analysts estimate N1.97 earnings per share for the bank in its stock market recommendation note.#Equities Analysts Bearish on Wema Bank after 32% Return#
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