Analysts at CardinalStone have assigned a “buy” rating to shares of Nigerian Breweries Plc, citing operational improvements and a stronger balance sheet.
The recommendation was detailed in their equity report published on August 21, 2025, titled “Nigerian Breweries Plc: Pricing in the Recovery.”
The analysts pointed to the company’s strong rebound in the first half of 2025 as a major factor behind their stance, with earnings per share rising to N2.85 compared to a loss of N8.28 in 2024.
