Absa Shares Slide 10% in 2026 as Analysts Downgrade Stock
Updated
Updated · Bloomberg · Jul 10
Absa Shares Slide 10% in 2026 as Analysts Downgrade Stock
1 articles · Updated · Bloomberg · Jul 10
Summary
Absa Group shares are down about 10% year to date, with nearly a third of that decline coming this week as the South African lender’s selloff deepened.
Goldman Sachs and Avior Capital Markets cut their ratings after Absa issued disappointing earnings guidance, prompting analysts who had been bullish to turn more cautious.
The drop stands out against South Africa’s banking shares index, which has risen about 7% and recovered losses sparked by the start of the Iran war.
That gap suggests Absa’s weakness is being driven more by company-specific concerns over earnings than by the broader market backdrop.