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Bank of Africa Targets 48% Upside as AGR Issues Strong Buy Recommendation

Attijari Global Research (AGR) has upgraded Bank of Africa to a “Buy” with a price target of 300 MAD, signalling a potential 48 % gain from the current 203.1 MAD share price. The research note highlights solid 2025 results—steady net banking profit growth, a modest improvement in operating costs, stable risk‑cost ratios, and a stable dividend—supporting the bullish outlook.

May 14th, 2026
2 min read
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Attijari Global Research (AGR) has upgraded Bank of Africa to a “Buy” with a price target of 300 MAD, signalling a potential 48 % gain from the current 203.1 MAD share price. The research note highlights solid 2025 results—steady net banking profit growth, a modest improvement in operating costs, stable risk‑cost ratios, and a stable dividend—supporting the bullish outlook.

Attijari Global Research (AGR) has upgraded Bank of Africa to a “Buy” with a price target of 300 MAD, signalling a potential 48 % gain from the current 203.1 MAD share price. The research note highlights solid 2025 results—steady net banking profit growth, a modest improvement in operating costs, stable risk‑cost ratios, and a stable dividend—supporting the bullish outlook.

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