The list of N1 trillion and over stocks in the Nigerian Exchange (NGX) continues to grow, with the latest entrant being Presco Plc.
On June 17, Presco’s stock climbed by 1.52 percent to close at N1,000, pushing its market capitalization just over the N1 trillion mark. Meristem Research maintains a bullish stance on the stock, setting a target price of N1,062.52, suggesting further upside potential.
Kayode Eseyin, a research analyst at CardinalStone Securities, noted that the company still holds significant growth prospects, particularly ahead of its half-year earnings report. “If they report strong earnings growth—which I think they would—we can see some price action,” he said.
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