Tunde Ajibade: Analysts place buy on Fidelity Bank shares

Independent investment research reports by many market pundits reviewed at the weekend showed that Fidelity Bank was assigned “buy” ticker, a recommendation to investors to consider its potential attractive returns. The research reports were based on the historical and current operational performances of the bank as well as the clear-sighted implementation of its growth plan.

Capital and CardinalStone, considered the quality of board and management and the general human capital and resources of the bank. Analysts were unanimous that Fidelity Bank’s share price could double in the period ahead given professional assessment of top traditional performance parameters including the company’s operational reports, investors’ preference and projections.

Capital selected Fidelity Bank as one of the “ Top Picks”, a group of stocks the investment advisory firm considered to be most attractive for discerning investors. Capital’s selection considered a stock’s pricing history, dividend history, fundamental values, peer ratios, among others. Providing background on analysts’ exhaustive research for stock selection, Afrinvest explained that the company’s fair value estimate “takes into account a weighted average of price estimates derived from a blend of valuation methodologies including the Discounted Cash Flow and its variants as well as other relative and comparable trading multiples valuation models”.

Source: News Formal (newsformal.com)

Tunde Ajibade

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ebenezer Olufowose takes over from Tunde Odukale as chairman of First BankFBN Holdings has announced the appointment of Ebenezer Olufowose as the chairman of the board of directors of First Bank of Nigeria.
Source: thecableng - 🏆 2. / 80 Read more »

Fidelity Bank: Improved share price as growth indicatorWhen the management of the Nigerian Exchange Limited (NGX) in July 2023 announced that it was reclassifying Fidelity Bank Plc from small-price stock to medium-price stock, financial analysts concluded that the road to attaining Tier1 status by the bank is closer than ever imagined.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Fidelity Bank: Improved share price as growth indicatorNigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »

Soludo names Fidelity Bank MD as Nwafor Orizu College of Education chairmanAnambra State governor, Professor Chukwuma Soludo has named the Managing Director of Fidelity Bank, Nneka Onyali- Ikpe as the chairman of the governing council of Nwafor Orizu College of Education, Nsugbe.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

Super Falcons stars shine as Ajibade, Kanu, Ihezuo light up scoreboardsSome players of the Nigerian women's national team, the Super Falcons, were at their mercurial best at the weekend, treating
Source: GuardianNigeria - 🏆 1. / 94 Read more »

EFCC vows to probe bank chiefs over COVID funds, World Bank loansThe Economic and Financial Crimes Commission, EFFC, said it has redoubled its investigation into the culpability of bank Chief Executive Officers, CEOs, in the mismanagement of COVID-19 funds and World Bank loans. This is contained in a statement by its spokesman, Dele Oyewale, on Sunday in Abuja.
Source: DailyPostNGR - 🏆 11. / 59 Read more »