5 Company Stocks to Watch This Week

Market uncertainty in Nigeria is making investors more careful about where they put their money. Despite challenges such as high inflation, a weak currency, and changing consumer demand, some companies on the stock market are still performing very well. 

Analysts have highlighted five stocks that show strong results and good potential for growth. Here’s a breakdown of the companies’ stocks to watch this week

Nestlé Nigeria

Nestlé Nigeria remains one of the most attractive stocks on the NGX due to its steady recovery, consistent profitability, and strong market leadership. 

Analysts note that the stock appears undervalued relative to its earnings strength, making it a compelling buy for long-term investors seeking stability in a developing market. 

However, investors are advised to monitor the company’s foreign-exchange exposure and overall macroeconomic conditions, which may influence future performance.

Guinness Nigeria

Guinness Nigeria has emerged as one of the strongest gainers this year, posting a remarkable 161.78% year-to-date increase in its share price. 

The company has delivered a solid financial turnaround, supported by its resilient brand and strategic leadership. 

With analysts setting a 12-month target price of ₦240, the stock offers a potential upside of 12.5% from current levels. Its growth momentum makes it a noteworthy pick for investors seeking value and recovery plays.

MTN Nigeria Communications (MTNN) Plc

MTN Nigeria continues to draw investor interest following a return to profitability and expectations of resumed dividend payments. 

The stock has surged 158% year-to-date, yet analysts believe there is still room for long-term growth, projecting a target price of ₦632.40 per share. 

As Nigeria’s largest telecommunications operator, MTN’s market dominance and recurring revenue model position it as a solid addition to any diversified portfolio.

Stanbic IBTC Holdings Plc

Stanbic IBTC offers a blend of strong financial performance, strategic investments, and attractive dividend yields. 

The company’s recent rights issue, priced at ₦50.50 per share, is aimed at strengthening its capital base and expanding its service offerings. 

Its resilience across market cycles and diversified business model make Stanbic IBTC a reliable option for investors looking for stability with growth potential.

Zenith Bank

Zenith Bank maintains its reputation as one of Nigeria’s most stable and innovative financial institutions. 

With a current share price of ₦59.75 and an analyst target of ₦80.01, the stock offers a promising upside for investors seeking exposure to the banking sector. 

Zenith’s strong capital position, consistent earnings, and well-executed digital strategy continue to reinforce its attractiveness on the NGX.