TheScreener - Absa Group Limited (101N) ABSA GROUP is downgraded to Slightly Positive due to increased risk

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ABSA GROUP is downgraded to Slightly Positive due to increased risk

The independent financial analyst theScreener just slightly lowered the general evaluation of ABSA GROUP (ZA), active in the Money Center Banks industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars. Its market behaviour, however, has slightly deteriorated and can be now qualified as moderately risky. This risk increase, even if marginal, forces theScreener to slightly downgrade the title, which now displays an overall rating of Slightly Positive. As of the analysis date January 18, 2022, the closing price was ZAR 161.39 and its potential was estimated at ZAR 177.91.

19/01/2022 1 EN

Underlying

Absa Group Limited

Barclays Africa Group is engaged in provision of personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Co. operates in three business segments; Retail and Business Banking (RBB) delivers targeted solutions to individuals and small businesses; Corporate, Investment Bank and Wealth operates a global model, leveraging their offerings, tapping into global expertise to provide comprehensive solutions across borders; and Financial Services cluster enhances the RBB customer and client value proposition with financial solutions.

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ZAE000255915 Johannesburg Stock Exchange South Africa

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TheScreener

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ABSA GROUP is downgraded to Slightly Positive due to increased risk

Empowering Investors

ABSA | Set to deliver growth despite SA constraints

SA Banks | Resilient earnings growth

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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