Dangote Cement traded at 799.00 this Wednesday April 15th, decreasing 11.00 or 1.36 percent since the previous trading session. Looking back, over the last four weeks, Dangote Cement lost 0.49 percent. Over the last 12 months, its price rose by 66.46 percent. Looking ahead, we forecast Dangote Cement to be priced at 793.48 by the end of this quarter and at 745.90 in one year, according to Trading Economics global macro models projections and analysts expectations.
Dangote Cement Plc is a producer of cement, and operates plants for the preparation, manufacture and distribution of cement and related products. The Company operates through two segments: Nigeria and Pan Africa. The Company, through its subsidiaries, is engaged in exploration, coal production, cement grinding, power production and limestone mining operations, among others. Its Nigerian operations include its three manufacturing plants in Nigeria: Obajana Cement Plant in Kogi State, Gboko Cement Plant in Benue State and Ibese plant in Ogun State. Its Pan African operations include its factories or import facilities in Cameroon, Ethiopia, Ghana, Senegal, South Africa, Tanzania and Zambia. It is also focused on operating in Congo and Sierra Leone. Its subsidiaries include Dangote Cement South Africa (Pty) Limited, Dangote Industries (Ethiopia) Plc, Dangote Industries Limited, Tanzania, Dangote Cement Cameroun S.A and Dangote Cement Senegal S.A.