Mar 6 (Lagos) -
SEPLAT has gained almost 20% in the last five sessions following the release of its strong FY’17 earnings.
Following positive annual results, Analysts at some of the leading firms who send their opinions to easykobo are expecting a strong 2018 supported by high crude oil prices and relative calm in the Niger Delta region as well as management policies.
SEPLAT stock currently trades at N 785 per unit at the Nigerian Stock Exchange in Lagos. Analysts at Vetiva Capital Management Ltd recently upgraded the stock with a target price of N 977.22 per unit implying further upside possibilities according to them.
Among other stocks which were strong today Consumer Goods giant
UNILEVER Nigeria Plc gained 10% to hit a new one year high price of N 59.60 per unit and food manufacturing Company FMN (
FLOURMILL ) gained almost 5% to close at 34.60 per unit. Both these Companies recently concluded their respective rights issues and have consolidated their positions for future growth.
reporting for easykobo.com on Tuesday, Marh 6 2018 from Lagos, Nigeria