CFG Bank Buys CMGP Shares After Aggressive Acquisitions – Target Price Raised to 439 DH

CFG Bank has upgraded its outlook on CMGP Group after the company announced two transformative deals: increasing its stake in Agrosem to 70 % and acquiring 92.5 % of the Compagnie de Produits Chimiques du Maroc (CPCM). The analyst team now values CMGP at 439 DH per share, implying a 16.9 % upside from the current price. Projected revenue is expected to grow at a 13.1 % CAGR to 4 630 million DH by 2030, while net profit should rise 17.8 % annually, reaching 448 million DH.

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