Attijari Global Research (AGR) has issued a buy recommendation for Marsa Maroc, positioning it as a long-term investment (over five years). AGR’s analysis sets a target price of 780 dirhams, representing an 11% upside potential compared to its February 20, 2025, market price of 700 dirhams.
This upward revision from the previous target of 620 dirhams reflects greater visibility on Marsa Maroc’s growth outlook. Updated financial projections have led to a 20-basis-point decrease in the Weighted Average Cost of Capital (WACC) and a 33% increase in terminal value, aligning with the company’s anticipated development by 2035.
Marsa Maroc’s appeal has been further strengthened by a strategic agreement signed on February 18 with Terminal Investment Limited (TIL), a subsidiary of Mediterranean Shipping Company (MSC), the world’s largest shipping company. This partnership underscores Marsa Maroc’s ambition to become a key player in global trade, reinforcing Morocco’s status as a major Mediterranean logistics hub.
This growth is backed by state-of-the-art port infrastructure, particularly Tanger Med and Nador West Med, positioning Morocco as a critical player in global maritime transshipment.
