AIB Group (OTCMKTS:AIBRF) Shares Up 5.4% – Here’s What Happened

Shares of AIB Group plc (OTCMKTS:AIBRF) shot up 5.4% on Wednesday . The company traded as high as $13.18 and last traded at $13.18. 1,340 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 3,761 shares. The stock had previously closed at $12.51.

Analysts Set New Price Targets

AIBRF has been the subject of several recent research reports. Royal Bank Of Canada reissued an “underperform” rating on shares of AIB Group in a research report on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of AIB Group in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

AIB Group Trading Up 0.2%

The business’s fifty day simple moving average is $12.28 and its two-hundred day simple moving average is $11.51.

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.