Independent investment research reports by many market pundits reviewed at the weekend showed that Fidelity Bank was assigned “buy” ticker, a recommendation to investors to consider its potential attractive returns. The research reports were based on the historical and current operational performances of the bank as well as the clear-sighted implementation of its growth plan.
Capital and CardinalStone, considered the quality of board and management and the general human capital and resources of the bank. Analysts were unanimous that Fidelity Bank’s share price could double in the period ahead given professional assessment of top traditional performance parameters including the company’s operational reports, investors’ preference and projections.
Capital selected Fidelity Bank as one of the “ Top Picks”, a group of stocks the investment advisory firm considered to be most attractive for discerning investors. Capital’s selection considered a stock’s pricing history, dividend history, fundamental values, peer ratios, among others. Providing background on analysts’ exhaustive research for stock selection, Afrinvest explained that the company’s fair value estimate “takes into account a weighted average of price estimates derived from a blend of valuation methodologies including the Discounted Cash Flow and its variants as well as other relative and comparable trading multiples valuation models”.