Bank of Ireland Group (OTCMKTS:BKRIY) Sees Large Volume Increase – Still a Buy?

Shares of Bank of Ireland Group plc (OTCMKTS:BKRIY) saw unusually-strong trading volume on Tuesday. 99,289 shares changed hands during mid-day trading, an increase of 152% from the average daily volume of 39,400 shares. The stock last traded at $21.7745 and had previously closed at $21.67.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BKRIY. Zacks Research cut shares of Bank of Ireland Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 2nd. Citigroup reiterated a “buy” rating on shares of Bank of Ireland Group in a report on Monday, September 21st. Royal Bank Of Canada restated a “sector perform” rating on shares of Bank of Ireland Group in a research note on Monday, August 17th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Bank of Ireland Group in a report on Wednesday, September 2nd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Bank of Ireland Group Stock Up 0.6%

The company’s fifty day simple moving average is $21.79 and its two-hundred day simple moving average is $20.35.

About Bank of Ireland Group

Bank of Ireland Group plc is a financial services group headquartered in Dublin, Ireland. Founded in 1783, it provides banking and related services to personal, business and corporate customers. The group’s activities include retail and commercial banking, mortgages, savings, lending, payments, insurance, investment and wealth management. Its services are offered through the Bank of Ireland brand and other group businesses. Bank of Ireland serves customers primarily in Ireland and the United Kingdom.