Zenith Bank: Investment Firm Sets N88.8 Target Price Ahead of Q3
Ranking among top picks in the banking sector, Zenith Bank Plc’s share price closed at N63.70 kobo, up from N63.40 on the Nigerian Exchange (NGX) ahead of the third quarter of 2025 earnings release.
The Tier-1 lender is anticipated to release its financial scorecard, though the market and investors are anticipating surprises given developments in the banking sector, and hopes for better results linger.
A notable performer among key rivals, Zenith Bank has delivered about 48% year-to-date return to investors at a reference price of N67.20.
The banking stock has, however, retreated, which suggests that the upside potential has expanded based on Investment firm Meristem Securities Limited’s N88.89 target price.
“ZENITH is currently trading at NGN67.20, below our target price of NGN88.89, presenting an upside potential of 37.22%. “ The stock shows strong fundamentals, and a 10-day RSI of 37.22 offers a buying opportunity for investors.
“Given the banking sector’s resilience, supported by anticipated strong earnings growth, we expect further price appreciation. Hence, we recommend a BUY”, Meristem Securities Limited told investors.
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