• Thursday, March 28, 2024
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BusinessDay

FBN Holdings Upgraded to Hold at HSBC, target price N7

FBN Holdings

HSBC analyst Aybek Islamov has upgraded the recommendation on FBN Holdings Plc to hold from reduce.

The Price Target was raised to N7 from N6.90, implying a 4.1 percent decrease from
last close.

FBNH average PT is NGN11.66 from 15 analysts that cover the stock. FBNH had 13 buys, 1 hold, 1 sell previously.

Analysts have lowered their consensus one-year target price for the stock by 0.8 percent in the past three months and the forecasts range from N4.74 to N17.81.

In the past six years and four months, HSBC has rated FBNH reduce three times, hold twice, underweight three times and neutral three times.

The shares rose an average 14 percent in the periods rated reduce, fell an average 4.5 percent in the periods rated hold, fell an average 8.3 percent in the periods rated underweight and
rose an average 0.9 percent in the periods rated neutral, according to Bloomberg data.

 

ENDURANCE OKAFOR