September 8, 2025
Data from the Nigerian Exchange has showed that market value of the Ecobank Transnational Incorporation, a Pan African group’s 18.349 billion shares declined to N660.583 billion at the close
Ecobank had attracted buying recommendation from investment firms as analysts see significant upside potential amidst plan to redeem promissory notes.
Apel Asset Limited quity analysts, have estimated about 185.09% upside potential for investors holding the Pan African group’s shares at N36.55 being the reference price.
According trading data Ecobank has boosted shareholders wealth by 30.54% from the beginning of the year to date, reflecting investors’ positive sentiment, supported by the group diversified earnings from across key African markets.
READ MORE; Ecobank Grows Profit To $333m In 2024
However data from the Nigerian Exchange showed that Ecobank share price fell to N36 at the close of trading session for the week as 111,716 units valued at N3.927 million were executed in the market.
Apel Asset Limited, equity analysts estimated a fair value of Ecobank was set at N104.30, which is 185.09% highest than its reference stock market price of N36.55.
Meanwhile, trading data has revealed that Ecobank price movement has been limited to N39.25 in the last 52 weeks in the local bourse.
The banking group had hit its bottom at N20.09 within the same period.
CardinalStone Securities Limited’s buy recommendation, sets a 12-month Target Price of N46.41, implying a 28.9% upside from the reference price of N36.
The Pan African bank, delivered a resilient first half of 2025 and reaffirmed its capacity for sustained growth across its operations.
READ MORE; Ecobank, Oando Among Top Gainers on NGX
In the first half of 2025, the group’s profit after tax increased by 22.7% year on year to $278.8 million, lifting earnings per share, EPS, from $0.0064 to $0.0079 in the comparable period in 2024.
The group’s strong performance was underpinned by an 11.9% increase in net interest income and a 12.9% uplift in non-interest revenue, when put together increased to a 12.4% rise in operating income to $1.1 billion, according to analysts at CardinalStone Securities Limited.
Going by analysts review, Ecobank is currently in the process of redeeming its $200.0 million promissory notes, which are set to mature in 2027.
In May 2025, $50.0 million was paid while additional $50.0 million is scheduled for payment by 2026 and another $100.0 million in 2027.
