UBA Target Price Sets at N62, 40% Upside Potential Projected
Ahead of its earnings release, equity analysts have set higher upside potential for UBA while they guide investors to add the Nigerian lender with a wide footprint in key African markets.
With a healthy leadership structure, stable historical dividend payments, and low governance risks, UBA has maintained its position among top-ranked banking names, attracting local and foreign investors.
In its stock market recommendation, investment firm Cowry Asset Management Limited set N62 as the price target for UBA Plc, a 40% above its stock market price on Friday.
According to details from the Nigerian Exchange, UBA closed the trading session at N44.30 on Friday, recording about N18 billion capital appreciation ahead of its Q4 earnings release.
The market value of printed at N1.96 trillion, tracking below its highest valuation over the last 52 weeks. The market anticipated UBA’s re-rating to be sharp, with N18.99 forecasted earnings per share.
Based on the latest estimate, equities analysts at Cowry Asset Limited expected 40% upside potential on UBA at the current stock market price. For investment purposes, analysts think UBA has strong upside potential amidst a looming earnings release. Naira Appreciates to N1,396 Amidst ‘Sell America’ Reactions
