UBA Target Price Set at N71 Per Share Ahead of Q4
Pan-African lender United Bank for Africa (UBA) Plc’s target price has been set at N71 by Lagos-based investment firm Cowry Asset Management Limited, reflecting significant upside in its share price in the stock market on Friday.
The Nigerian Exchange (NGX) opened 2026 with a bullish note after gaining about 52% in 12 months. NGX closed the trading session strong as market value of all listed companies surged to about N99.4 trillion.
The banking index gained 2.96% as sectoral performance closed positive. Ahead of the fourth quarter of 2025 earnings release, equity analysts at Cowry Asset Management Limited set UBA price target at N71, which is higher than its stock market price.
Guiding investors into the New Year, equities analysts at Cowry Asset Limited hope for a significant upside potential for investors with interest in the bank share ahead of earnings festival.
The expectation was anchored on the group’s profit projection as analysts at the investment firm signal healthy earnings per share growth for UBA.
A slew of analysts expect UBA to maintain earnings growth in Q4 despite tight regulatory development that hit its peers with withdrawal of forbearance granted in 2020 and tightening of single obligor limit.
If the prediction comes true, investors would be pocketing a 65% gain, an amount that is expected to be subjected to capital gains tax starting from 2026. The Pan African lender was the only tier-1 players whose profit climbed at the end of 9 months of financial year 2025.
Cowry Research anticipates N9.16 earnings per share for UBA and rated the banking stock as one of the top buys for investors. The market value of UBA Plc’s 41.029 billion shares outstanding was valued at N1.764 trillion at a unit price of N43.
The banking group traded at a 15% discount to its 52-week high of N50.55 and stayed significantly above N30.50, its lowest level in the same period. # UBA Target Price Set at N71 Per Share Ahead of Q4
