AIB Group (OTCMKTS:AIBRF) Shares Up 1.5% – Should You Buy?

Shares of AIB Group plc (OTCMKTS:AIBRF) shot up 1.5% on Tuesday . The company traded as high as $10.98 and last traded at $10.98. 5,054 shares were traded during trading, a decline of 10% from the average session volume of 5,585 shares. The stock had previously closed at $10.82.

Analysts Set New Price Targets

AIBRF has been the subject of several recent research reports. Citigroup reaffirmed a “buy” rating on shares of AIB Group in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of AIB Group in a research report on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, AIB Group currently has an average rating of “Hold”.

AIB Group Price Performance

The company’s 50-day moving average is $10.01 and its 200-day moving average is $8.93.

AIB Group Company Profile

AIB Group plc is a leading commercial bank headquartered in Dublin, Ireland, offering a broad range of banking and financial services to personal, business, and corporate customers. Tracing its modern roots to the 1966 merger of three Irish banks—Allied Irish Banks, Provincial Bank of Ireland and Royal Bank of Ireland—AIB has evolved into one of Ireland’s “Big Four” banks. Its shares trade on the Irish Stock Exchange and, in the United States, in the form of American Depositary Receipts under the ticker AIBRF on the OTC Markets.

The bank’s core business activities include retail and private banking, corporate and institutional banking, and treasury services.