Again, FirstBank Share Price Moves Up by 6.12% Today; Hits N9.01k


Thursday, December 07, 2017 / 6:08PM / Proshare Research 

The share price of FBNH today closed at N9.01k, up by +6.12% to maintain positive sentiments towards the stock while UBN and FIDELITYBK were the only stocks that outperformed FBNH at the end of today’s trading  period as they both recorded +10.11% and +7.56% gains respectively. 

An improved performance in comparison to our earlier analysis on the bank. 

However, GUARANTY, UNITYBNK and DIAMONDBNK recorded -2.42%, -1.92% and -0.65% losses respectively to close today in red. 

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Similarly, FBNH continued to record significant appreciation in the year 2017. Today, December 07, 2017, the bank’s share price hit N9.01k to push its YTD return to +168.96%. 

STANBIC and FIDELITYBK continued to, also, outperform FBNH during the period under review (2017); as they both recorded +183.33% and +188.10% YTD gains respectively at the end of trading activities.

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A review of the recommendation(s) on FBNH by the analyst community revealed the stock’s share price hit N9.01k today and crossed Vetiva Capital’s set target price of N8.64k by N0.37k. Kindly find below some of the Target Price Recommendations, viz: 

General View of FBN Holdings Plc As Captured By The Market and How This Has Changed from Q1’2017 

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