Transnational Corp Of Nigeria traded at 49.60 this Monday March 9th, decreasing 1.40 or 2.75 percent since the previous trading session. Looking back, over the last four weeks, Transnational Corp Of Nigeria lost 0.80 percent. Over the last 12 months, its price fell by 3.78 percent. Looking ahead, we forecast Transnational Corp Of Nigeria to be priced at 49.97 by the end of this quarter and at 47.00 in one year, according to Trading Economics global macro models projections and analysts expectations.
Transnational Corporation of Nigeria Plc is engaged in investment and operation of portfolio companies in the hospitality, power, agro-allied and oil and gas sectors. The Company operates through five segments: Hospitality, Agro-allied, Power, Oil & Gas and Corporate Centre. The Hospitality segment is made up of Transcorp Hotels Plc., Transcorp Hotels Calabar Limited, Transcorp Hotels Ikoyi Limited and Transcorp Hotels Port Harcourt Limited subsidiaries, which renders hospitality services to customers. The Agro-allied segment relates Teragro Commodities Limited subsidiary, which is engaged in the manufacturing/processing of fruit concentrates. The Power segment relates to Transcorp Power Limited subsidiary, which is engaged in generation of electric power. The Oil & Gas segment is made up of two subsidiaries: Transcorp Energy Limited and Transcorp OPL 281 Limited. The companies are into the exploration, refining and marketing of petroleum products.