June 2, 2021/Proshare by FBNQuest Research 9% reduction to our price target We keep our Outperform rating on Zenith Bank, but make a downward revision of c.-9% to our price target to NGN38.8, implying a potential upside of c.70% from current levels. In contrast, we have increased our FY ’21f […]
Results & Dividends
Investment Recommendation – NEM Insurance Plc
May 31, 2021/Cowry Asset Report In FY 2020, NEM Insurance remained profitable and registered an average performance rating of “Bb” amid the 2020 pandemic (slightly below its historical above-average ”BB” performance). This, coupled with an upside potential of 17.32% on its share price, informed our “MODERATE BUY” recommendation. NEM Sustains […]
UBA Sustains Positive Performance for the 7th Consecutive Year
May 25, 2021/Cowry Asset Report In FY 2020, UBA’s performance score was 73.08% in its industry (for which we assigned a “BB” performance rating); and given its consistent positive performance with a long-term average rating of “BB” as well as an upside potential of 29.25% on its share price, we […]
