Browsing: ARDOVA PLC
ARDOVA Plc, a downstream oil sector player, gets a buy rating from equity analysts
Equity analysts at United Capital have a moderated outlook for the ARDOVA Plc
Equity analysts at United Capital have a moderated outlook for the ARDOVA Plc, Nigerian leading indigenous and integrated energy company, performance after earnings slumped in 2020.
Ardova Plc, a Nigeria integrated energy company, earnings was greatly affected by virus-induced economic lockdown in the first half of 2020.
ARDOVA: Analysts Recommend Buy on Expectation of Sales Recovery. In the first half of 2020, Ardova Plc revenue rose 5% year on year to ₦87.3 billion, which was 2% below Vetiva analysts estimate. Thus, analysts forecasted ₦29.26 price target, though net profit for financial year 2020 is projected to
ARDOVA Plc: Despite the fact that a weaker gross margin bites the company’s performance