AIB Group (OTCMKTS:AIBRF) Stock Rating Upgraded by Keefe, Bruyette & Woods

AIB Group (OTCMKTS:AIBRF – Get Rating) was upgraded by research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report issued on Wednesday, The Fly reports.

A number of other research analysts also recently issued reports on AIBRF. JPMorgan Chase & Co. upped their price objective on AIB Group from €2.70 ($2.90) to €2.80 ($3.01) in a research note on Thursday, May 19th. Citigroup upgraded AIB Group from a “neutral” rating to a “buy” rating in a research note on Friday, April 1st. UBS Group reduced their price objective on AIB Group from €2.90 ($3.12) to €2.65 ($2.85) and set a “buy” rating for the company in a research note on Thursday, March 10th. Finally, Morgan Stanley upped their price objective on AIB Group from €2.50 ($2.69) to €2.75 ($2.96) and gave the company an “equal weight” rating in a research note on Tuesday, February 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $2.71.

Shares of OTCMKTS AIBRF remained flat at $$2.70 during midday trading on Wednesday. The stock had a trading volume of 16 shares, compared to its average volume of 6,017. The company’s 50 day moving average is $2.23 and its 200 day moving average is $2.41. AIB Group has a 52-week low of $1.98 and a 52-week high of $3.48.

About AIB Group (Get Rating)

AIB Group plc provides banking and financial products and services to retail, business, and corporate customers. It operates through Retail Banking, Corporate Institutional & Business Banking, AIB UK, and Group segments. The company offers current and savings accounts, demand deposits, notice deposits, fixed term deposits, junior/student saver deposits, and currency deposits.

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