Guaranty Trust Holding’s price target has been revised upward as analysts anticipate stronger revenue growth (26.2% vs. 18.7%) and a higher future P/E, reflecting improved earnings expectations, raising fair value from NGN86.89 to NGN91.91.
What's in the News
- Guaranty Trust Holding will change its Nigerian Stock Exchange stock ticker symbol to GTCO from GTHC.
- The company will cancel the listing of its global depositary receipts (GDRs) on the London Stock Exchange and transition to listing its ordinary shares to enhance liquidity and ease of future capital raising.
- Guaranty Trust Holding has completed a follow-on equity offering of approximately $105 million, issuing over 2.28 billion ordinary shares, with a direct listing planned.
- The company is raising around $100 million through new share listings on London’s main market to support recapitalisation requirements set by the Central Bank of Nigeria.
- Ordinary shares held by executive directors are subject to a lock-up agreement, preventing sales for 187 days following the London listing admission.
Valuation Changes
Summary of Valuation Changes for Guaranty Trust Holding
- The Consensus Analyst Price Target has risen from NGN86.89 to NGN91.91.
- The Future P/E for Guaranty Trust Holding has significantly risen from 3.82x to 5.70x.
- The Consensus Revenue Growth forecasts for Guaranty Trust Holding has significantly risen from 18.7% per annum to 26.2% per annum.
Disclaimer
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