AIB Group (OTCMKTS:AIBRF) Trading Up 3.1% – Time to Buy?

Shares of AIB Group plc (OTCMKTS:AIBRF) traded up 3.1% during trading on Wednesday . The company traded as high as $10.63 and last traded at $10.63. 3,104 shares were traded during mid-day trading, a decline of 20% from the average session volume of 3,891 shares. The stock had previously closed at $10.31.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AIBRF shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of AIB Group in a research report on Monday, February 23rd. Citigroup reiterated a “buy” rating on shares of AIB Group in a research note on Monday, November 24th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

AIB Group Price Performance

The firm has a 50 day moving average price of $10.60 and a two-hundred day moving average price of $9.85.

About AIB Group

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.