The Standard Investment Bank (SIB) says the Cooperative Bank of Kenya #ticker:COOP stock is fairly priced, citing possibility of the regulator reining in banks not to raise loan rates by larger margins post-interest rate caps.
Co-op counter has cumulatively gained 16.5 percent since President Uhuru Kenyatta’s mid-October memorandum to Parliament seeking the removal of the rate cap. It averaged Sh15 on Friday.
