Could Rencap’s buy ratings on these stocks mean they are undervalued?

by | February 12, 2018 12:51 am

Renaissance Capital (Rencap), an investment banking firm, forecast the highest upside potential in Access bank (BUY), Zenith bank (BUY), FBNH (BUY) and UBA (BUY), as they are seen to be trading lower than their intrinsic value. These four tier one lenders’ stocks have the potential of surpassing their current market price of N11.95, N12.00, N30.90,…

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