Agri giant Presco yesterday hit the N1,000 mark in today’s trading session. The company joins a select number of players on the NGX trading at this level. They include Airtel Africa, Nestle Nigeria and Seplat

Year to date, the stock is up over 100%, outperforming the All Share Index which is up over 11%. The index measures the average performance of stocks on the exchange. 

Buy/Sell/Hold? 

Q1 2025 results show the company made N93 billion in revenue and N47.58 in earnings per share. Up 49.4% year on year. 

If this run rate is maintained all through the year, the company could easily end the year with over N400 billion in revenue and over N180 in earnings per share.

 Q1 2025 numbers did not consolidate the ghana operations which it has now acquired 100%. Factoring that one can assume FY 25 EPS would be over N200 a share 

That would mean the company is trading at a price to earnings ratio of just over 5 times earnings. That’s slightly lower than the 7X average PE ratio on the exchange. 

Moving average technical analysis indicators are all showing buy. 

Going by that, i think this stock could easily run another 10% to 20% higher. Only limiting factor being the illiquidity. In yesterday’s trading session, the stock just traded a bit over 300,000 shares. 

Okomu may start to rally 

Investors that may feel they have missed out on Presco or believe that its become too expensive for them, could decide to shift focus to Okomu which is trading a bit above N650 a share. 

Okomu is a much smaller firm compared to Presco, and investors need to factor that in evaluating its upside in the short term.