AIB Group (OTCMKTS:AIBRF) Stock Price Up 3.1% – Still a Buy?

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup reiterated a “buy” rating on shares of AIB Group in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of AIB Group in a research note on Monday, February 23rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

AIB Group Stock Up 3.1%

The firm’s 50 day moving average is $10.61 and its 200-day moving average is $9.84.

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.