Nigerian Breweries Plc (NGX:NB)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
78.00
+0.50 (0.65%)
At close: Jul 24, 2026

Nigerian Breweries Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, Nigerian Breweries stock has a consensus rating of "Buy" and an average price target of ₦91.36. The average 1-year stock price forecast is 17.13% higher than the current stock price, while the lowest is ₦70.00 (-10.26%) and the highest is ₦117.34 (+50.44%).

Price Target: ₦91.36 (+17.13%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price₦70.00₦91.36₦91.67₦117.34
Change-10.26%+17.13%+17.53%+50.44%

Analyst Ratings

The average analyst rating for Nigerian Breweries stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingFeb '26Mar '26Apr '26May '26Jun '26Jul '26
Strong Buy222123
Buy111110
Hold333233
Sell000000
Strong Sell000000
Total666466

Financial Forecast

Revenue This Year
1.79T
from 1.47T
Increased by 21.82%
Revenue Next Year
2.19T
from 1.79T
Increased by 22.72%
EPS This Year
6.37
from 3.19
Increased by 99.68%
EPS Next Year
7.47
from 6.37
Increased by 17.33%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
437.29B550.64B599.64B1.08T1.47T1.79T
Revenue Growth
29.74%25.92%8.90%80.85%35.32%21.82%
Gross Profit
160.41B213.33B212.61B319.92B565.18B779.49B
Gross Margin
36.68%38.74%35.46%29.50%38.52%43.60%
Operating Income
37.58B49.06B41.90B67.04B202.21B277.36B
Net Income
12.67B13.18B-106.31B-144.89B99.10B189.03B
EPS
----3.196.37
EPS Growth
-----99.68%
Forward PE
20.6614.3558.1173.5710.8712.25
Dividend / Share
1.281.35---3.69
Free Cash Flow
46.76B-21.94B-9.55B-114.28B25.58B203.57B
No. Analysts
-----7
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is NGN.

Revenue Forecast

Revenue202620272028
High2.1T
Avg1.8T
Low1.6T

Revenue Growth

Revenue Growth202620272028
High
40.0%
Avg
21.8%
Low
11.6%

EPS Forecast

EPS202620272028
High7.84
Avg6.37
Low4.63

EPS Growth

EPS Growth202620272028
High
145.8%
Avg
99.7%
Low
45.1%