Stock Recommendation: Futureview Bullish on Banking Names
Futureview financial services limited has rated major banking names buy on double digit returns expectations. The investment firm decision appears to have been supported by healthy earnings performance posted by these banking names.
Analysts rated GTCO Buy with expectation that the orange brand has 19.44% upside potential at a target price of N47, according to analysts weekly stock recommendation. Data from the Nigerian Exchange showed that GTCO rose to N39.40 on Tuesday from N39.35 reference price on Monday.
Also rated buy, stock analysts at Futureview expect 64.77% return from Fidelity Bank at a target price of N14.77 versus reference price of N8.60. Access holdings Plc share is expected to deliver 76.47% return at a target price of N30 per share. But the stock plunged to N16.95 in the stock market due to risk off sentiment.
UBA is also rated buy in the stock recommendation note with a price target set at N28 with 33.97% potential upside on reference price of N20.90. Details from the Nigerian Exchange showed that UBA has now fell to N20.80 due to mild selloffs on the ticker.
Tier-2 bank FCMB target price was set to N12 at reference price on N7 while analysts keep the stock on buying recommendation. As of Tuesday close, FCMB market price has declined to N6.95 in the local bourse.
Analysts at the investment firm estimated 44.65% upside potential in Zenith Bank with target price set at N46 per share on reference price of N31.80. According to trading results from the Nigerian Exchange, Zenith Bank share has surged to N32.50. #Stock Recommendation: Futureview Bullish on Banking Names
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