IHS Holding Ltd (NYSE:IHS) does about 901.00K shares in volume on a normal day but saw 1864876 shares change hands in the recent trading day. The company now has a market cap of 1.83B USD. Its current market price is $5.49, marking an increase of 2.04% compared to the previous close of $5.38. The 52 week high reached by this stock is $6.30 whilst the lowest price level in 52 weeks is $2.44. The script in recent trading has seen the stock touch a high of $17 and a low of $17.
4 analysts observing the IHS Holding Ltd (IHS) stock have set the 12-month price targets for the company’s shares at between $17 and $17. The consensus objective for the share price is $7.92, suggesting that the stock has a potential upside of 30.68% over the period. The median price target is 67.71% away from the current levels at $17.
FactSet Research has provided data showing that 4 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 28, 2024 when Citigroup resumed the stock to “Buy” and issued a price target of $5. Wells Fargo initiated its price target at $12.
The current price level is -1.66%, 6.39%, and 47.18% away from its SMA20, SMA50, and SMA200 respectively, with the IHS price moving below the 50-day SMA on current market day. IHS Holding Ltd (IHS) stock is down -12.16% over the week and 14.61% over the past month. Its price is 88.01% year-to-date and 74.84% over the past year.
Its 12-month price target is $17. To reach the target analysts have set, the stock logically needs to grow 30.68 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $17, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $17.
Outstanding shares total 335.34M with insiders holding 31.84% of the shares and institutional holders owning 45.45% of the company’s common stock. The company has a return on investment of -1.38% and return on equity of -21745.59%. The forward price to earnings ratio is 9.57. The beta has a value of 0.85. Price to sales ratio is 1.06.
