News Africa

UBA: Investment firms see strong upside ahead of earnings

Equities analysts have spotted strong upside potential in UBA Group Plc ahead of the pan-African lender’s earnings release. Investment firms recommend that investors buy UBA on the back of huge upside estimate after a moderate price decline in the equities market last week.

Latest trading results revealed sell pressure dragged the stock market price of UBA down to N38.7 on Friday, from N39.15 at the beginning of the trading session last week.

The banking group share price is trading negative during early hours on in the equities market ahead of earnings. In their separate stock recommendation, Apel and Cowry Asset Limited advised investors to buy UBA to enjoy expected price appreciation.

Apel Research estimated a 39.41% upside on the stock market fair value estimate of N53.95 versus the current market price. Analysts expect the bank earnings per share to settle at N8.53.

Surprisingly, Cowry Asset Limited projected higher earnings per share of N17.14 for UBA from N14.78, setting the target price at N53.

The firm saw a 35.90% upside potential for investors trading shares of pan-African lender stocks on the Nigerian Exchange. UBA is expected to release its earnings in the coming weeks amidst efforts to recapitalise its banking group. #UBA: Investment Firms See Strong Upside Ahead of Earnings#

 

Source: www.dmarketforces.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

Related Articles

Back to top button