Attijari Global Research sets MAD 287 target for CFG Bank stock

Published on 10/02/2026 at 18:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income rose 10.00 percent to MAD 200.00 million in the first half of 2026. For CFG Bank stock, banking income rose 6.00 percent to MAD 634.00 million.

CFG, MA0000012627, Illustration mit AI erstellt.

Attijari Global Research set a MAD 287 target for CFG Bank stock, according to Walaw Press on September 12, 2026. The recommendation followed a reference price of MAD 200.00 and placed the target 43.50 percent above that level.

First-half profit reaches MAD 200.00 million

CFG Bank reported net income of MAD 200.00 million for the first half of 2026, up 10.00 percent from MAD 180.75 million in the same period of 2025, according to AlphaBourse on September 16, 2026. Consolidated banking income rose 6.00 percent to MAD 634.00 million, while recurring banking income increased 18.00 percent to MAD 549.00 million.

The operating trend was stronger than the headline income growth. Consolidated operating profit reached MAD 354.00 million, up 18.00 percent, while the cost of risk stood at MAD 22.00 million, or 0.22 percent of outstanding loans.

Credit growth supports the outlook

Commercial loans grew 20.00 percent year over year to MAD 20.60 billion at the end of June 2026. Deposits increased 17.00 percent to MAD 22.10 billion, supported by net collection of MAD 3.20 billion, according to AlphaBourse on September 16, 2026.

The mix matters for investors because more than half of deposits were non-interest-bearing, while the bank's financial-market banking income fell 36.00 percent to MAD 85.00 million. That contrast makes commercial banking the main numerical support for the first-half performance.

Casablanca valuation stays below the yearly high

CFG Bank was listed on the Casablanca Stock Exchange under ticker CFG, with the ISIN confirmed by Investing.com. The Casablanca quote was MAD 200.00 on October 1, 2026, against a 52-week range of MAD 188.00 to MAD 262.00.

Market capitalization stood at MAD 8.0 billion on October 1, 2026. The combination of 10.00 percent first-half net income growth and a 43.50 percent analyst target distance gives the stock a clear valuation and execution test for the next reporting cycle.