Stockbrokers Favor Zenith, UBA, GTCO for H2 2026 Gains

Stockbrokers have selected Zenith Bank, UBA, and GTCO as primary stocks to drive market gains in the second half of 2026, following a sharp market correction in June that resulted in a loss of N13 trillion in investor wealth. Analysts from Meristem Securities, Blue Marina Research, and Cowry Asset Management have conducted a review and recommend these bank stocks due to their strong fundamentals and attractive valuations.

Zenith Bank emerged as the strongest consensus recommendation, with analysts projecting an average target price of N159.48, indicating a potential capital appreciation of 40.56%. The bank's price-to-earnings ratio is noted at 4.20 times, and its price-to-book ratio at 0.85 times, with a projected return on equity of 20.18%.

Additionally, Blue Marina Research forecasts a 5-6% dividend yield for Zenith Bank, contributing to an expected total return of nearly 48%. UBA is also recommended with an estimated upside of 46%.