GTCO Delivers 49% Return on Investment Year to Date
With strong positioning, Guaranty Trust Holding Company (GTCO) Plc has boosted investors wealth sharply with about 50% return on investment since the beginning of the year.
Supported by low key man risk, and strong historical performance. The banking name has seen local and foreign investors positioning ahead of its second quarter of financial year 2025 earnings season.
According to data from the Nigerian Exchange, shareholders have seen a 49% increase in their combined wealth, which printed at N2.9 trillion at the close of the trading session on Friday due to an all-week rally.
At the last trading session on Friday, the market placed N84.95 as GTCO’s share price, though analysts at Afrinvest Limited have now guided investors to reduce their positions in the stock.
The group is on its way to N3 trillion market, breaking the historical trend of undervaluation of financial services company in the equities market if the ongoing momentum does not cease.
Details from Afrinvest Securities’ recommendation revealed that equities analysts are expecting GTCO to fall, having raced ahead of its 12 month target price of N82.80 ahead of Q2 earnings. #GTCO Delivers 49% Return on Investment Year to Date CBN Defends Naira with $61 Million FX Sales to Banks
