AIB Group (OTCMKTS:AIBRF) Stock Price Up 3.1% – Here’s What Happened

AIB Group plc (OTCMKTS:AIBRF) was up 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 traded 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 Ratings Changes

A number of brokerages have commented on AIBRF. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of AIB Group in a report on Monday, February 23rd. Citigroup restated a “buy” rating on shares of AIB Group in a report on Monday, November 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

AIB Group Price Performance

The company’s fifty day simple moving average is $10.61 and its 200 day simple moving average is $9.84.

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.