Analysts at CardinalStone have revised their target price for Guaranty Trust Holding Company Plc (GTCO) on the Nigerian Exchange, setting a new 12-month target of N115.93 per share.
Despite GTCO’s softer half-year results, the analyst maintained a positive stance on the share price, citing stronger long-term growth prospects and improving performance trends.
In their equity research report titled “Renewed Loan Growth Momentum Lifts Outlook,” they highlighted an improved five-year forecast, with net interest income expected to grow at a compound annual growth rate (CAGR) of 18.4%, up from 13% earlier.