Permanent TSB Group (OTCMKTS:ILPMY) Trading 6% Higher – Still a Buy?

Permanent TSB Group Holdings plc (OTCMKTS:ILPMY)’s share price traded up 6% on Wednesday . The stock traded as high as $3.60 and last traded at $3.60. 100 shares were traded during trading, a decline of 63% from the average session volume of 267 shares. The stock had previously closed at $3.3950.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Permanent TSB Group in a research report on Wednesday, November 5th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Permanent TSB Group Price Performance

The stock has a 50-day moving average price of $3.80 and a 200 day moving average price of $3.10.

About Permanent TSB Group

Permanent TSB Group plc is an Irish retail bank headquartered in Dublin, offering a full range of banking products and services to personal and small business customers. The company’s core activities include mortgage lending, personal loans, savings and current accounts, and digital banking platforms. Permanent TSB also provides home insurance and credit cards, aiming to serve the day-to-day banking needs of consumers across the Republic of Ireland.

Founded in 1816 as the Irish Permanent Building Society, the company demutualised in 1994 and merged with Trustee Savings Bank in 1999 to form Permanent TSB.