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Beltone Raises Akdital Target to DH1,870, Keeps Strong Buy Call
<p>On 14 January, Beltone Research reaffirmed its buy rating on Akdital (CSE:AKDITA) and lifted the 12‑month price target to DH 1,870 – a 49 % upside from the current level. The analyst team highlighted Morocco’s ongoing health‑insurance reforms and the group’s aggressive regional expansion as the main catalysts.</p><p>While the pace of new bed openings in Morocco is being tempered by a shortage of qualified staff, Akdital’s growth is now being driven by a $1.4 bn asset‑light investment programme across the Gulf, Tunisia and the UAE. Beltone forecasts a 27 % average annual EBITDA growth through 2030, a stable margin profile and an improved effective tax rate, which together justify the attractive EV/EBITDA multiple of about 12.4x.</p>