AIB Group (OTCMKTS:AIBRF) Shares Down 1% – Time to Sell?

Shares of AIB Group plc (OTCMKTS:AIBRF) dropped 1% during trading on Thursday . The stock traded as low as $10.38 and last traded at $10.38. Approximately 1,053 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 2,942 shares. The stock had previously closed at $10.4850.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AIBRF. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of AIB Group in a research note on Monday, December 15th. Citigroup restated a “buy” rating on shares of AIB Group in a research report on Monday, November 24th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

AIB Group Stock Performance

The stock’s 50 day moving average is $10.71 and its 200-day moving average is $9.53.

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.