United Bank for Africa (UBA) Plc, a leading Nigerian bank, is currently trading at a significant discount to its fair value, with a price-to-book ratio of 0.4x and a price-to-earnings ratio of 2.1x. The bank’s stock price has declined by 12.14% over the past month and 23.76% over the past 3 months, closing at ₦36.90. This decline has raised concerns among investors, but some see it as an opportunity to buy a undervalued stock
The bank has been under pressure, with its stock price declining by 14.09% over the past month. Despite a 10.39% increase over the past year, the bank’s short-term performance has been lackluster, with a 10.22% drop over the past week and a 0.27% decline in the last 24 hours, closing at NGN 36.90 on November 21, 2025.
Relative to its peers, UBA’s performance is concerning. The bank’s technical analysis suggests a “Strong Sell” signal, with moving averages and the Relative Strength Index (RSI) indicating a downward trend. The 5-day moving average is at 37.32, and the 200-day moving average is at 41.17, further supporting the bearish outlook.
In comparison, Access Holdings, another major Nigerian bank, has seen its stock price plummet by 14.1% year-to-date, ranking 132nd on the NGX in terms of year-to-date performance. However, Wema Bank, Stanbic IBTC Holdings, and Guaranty Trust Holding Company (GTCO) have outperformed UBA, with year-to-date returns of 105%, 82.29%, and 62.8%, respectively.
Analysts have a mixed outlook on UBA, with a 12-month price target of NGN 50.92, implying a potential upside of around 38%. However, the bank’s recent performance and technical indicators suggest caution.
Key Statistics:
- UBA’s stock price: NGN 36.90 (November 21, 2025)
- 52-week range: NGN 30.48 – NGN 50.51
- Moving Averages: 5-day (37.32), 200-day (41.17)
- RSI (14-day): 34.352
- Analyst Price Target: NGN 50.92 (12-month)
Comparative Performance:
| Bank | Year-to-Date Return |
|---|---|
| Wema Bank | 105% |
| Stanbic IBTC Holdings | 82.29% |
| Guaranty Trust Holding Company (GTCO) | 62.8% |
| Access Holdings | -14.1% |
| UBA | -14.09% (1-month), 10.39% (1-year) |
