Permanent TSB Group (OTCMKTS:ILPMY) Trading 6% Higher – Time to Buy?

Permanent TSB Group Holdings plc (OTCMKTS:ILPMY)’s share price traded up 6% during mid-day trading on Wednesday . The company traded as high as $3.60 and last traded at $3.60. 100 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 267 shares. The stock had previously closed at $3.3950.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Permanent TSB Group in a report on Wednesday, November 5th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Permanent TSB Group Price Performance

The company’s fifty day moving average is $3.80 and its 200 day moving average is $3.10.

Permanent TSB Group Company Profile

Permanent TSB Group plc is an Irish retail bank headquartered in Dublin, offering a full range of banking products and services to personal and small business customers. The company’s core activities include mortgage lending, personal loans, savings and current accounts, and digital banking platforms. Permanent TSB also provides home insurance and credit cards, aiming to serve the day-to-day banking needs of consumers across the Republic of Ireland.

Founded in 1816 as the Irish Permanent Building Society, the company demutualised in 1994 and merged with Trustee Savings Bank in 1999 to form Permanent TSB.