Lagos, Nigeria – Cordros Securities analysts raised their 2026 target price for Lafarge Africa Plc to N240.54 per share with a “hold” recommendation, up from N218.33, based on a reference of N213.90 already beaten as shares closed at N226.50 on March 18.
Okay News reports expectations of 26.1% revenue growth from 10.8% sales volume rise to 6.98 million tonnes and 13.8% price hike to N192,500 per tonne, fueled by funded expansions at Sagamu (to 3.5M tonnes) and Ashaka (to 2M tonnes) plants featuring energy-efficient dry process tech for better availability and efficiency.
Rising costs—sales up 24.9%, op-ex 24.3% from energy, logistics—partly offset gains, yet EBITDA margins edge to 40.1%, EPS jumps 31.5% to N22.30, building on 2025’s N1.1T revenue (+53%), PAT +173% to N273B, and 92% share returns to N134.5, with 68% YTD gains in 2026.
Post-Huaxin Cement’s 83.81% stake buyout last year, Lafarge outperforms prior Cordros calls like May 2025’s N104.71, as expansions under CEO Lolu Alade-Akinyemi boost infrastructure support, sustainability, and jobs.
Huaxin’s push elevates Lafarge amid construction boom, drawing investors to cement plays with solid margins despite input pressures.
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