Investment Firms Upgrade Access Holdings Price Target
Investment firm, Afrinvest Limited, has upgraded Access Holdings Plc price target to N22.79 from N22.67 per share. Likewise, Apel Asset and Atlass Portfolios Limited adjusted their target prices to capture their expectations.
Ticker: ACCESSCORP had surged to N30.7 per share in 2024, its 52-week high before rapid selling dragged the share price lower.
The firm estimated that Access Plc has 17.4% upside potential at a reference price of N19.40 on Friday, data from the Nigerian Exchange showed.
Equities analysts at the firm advised investors to accumulate the banking stocks ahead of second quarter of 2024 earnings release.
Historical market price movement on the Nigerian Exchange revealed that Access Holdings Plc has lost 16% from the beginning of the year to date.
Atlass Portfolios Limited set the financial service group price target to N25.50 after the stock ended at N19.40 last week in the local bourse.
Guiding investors to buy, the firm estimated that Access has more than 34% upside potential in the equities market.
Apel Asset Limited equities analysts also rated the banking stock buy in its recommendation list for the week. Apel Asset anticipates more than 69% upside potential in Access group, and analysts advised investors to buy.
Data from the Nigerian Exchange showed that Access Plc is down by 5 kobo during intraday trading session on Tuesday to N19.35 per share. Atlass Portfolios Lower Flour Mills of Nigeria to Sell Rating
