Bank of Ireland Group (OTCMKTS:BKRIY) Trading Down 5.1% – Here’s Why

Bank of Ireland Group plc (OTCMKTS:BKRIY)’s share price was down 5.1% on Thursday . The stock traded as low as $19.4190 and last traded at $19.71. Approximately 97,788 shares traded hands during mid-day trading, an increase of 270% from the average daily volume of 26,412 shares. The stock had previously closed at $20.77.

Analyst Ratings Changes

BKRIY has been the topic of several research analyst reports. Morgan Stanley raised Bank of Ireland Group from an “underweight” rating to an “overweight” rating in a research report on Monday, November 24th. Royal Bank Of Canada downgraded shares of Bank of Ireland Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 5th. UBS Group raised shares of Bank of Ireland Group to a “buy” rating in a research report on Wednesday, November 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Bank of Ireland Group in a report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Bank of Ireland Group Stock Down 5.1%

The company’s 50 day moving average price is $19.38 and its 200 day moving average price is $17.07.

Bank of Ireland Group Company Profile

Bank of Ireland Group (OTCMKTS:BKRIY) is a leading financial services provider headquartered in Dublin, Ireland. Established in 1783, the bank has grown to become one of the country’s largest banking institutions, offering a diverse range of products and services to retail, corporate and institutional clients. The group’s core operations include traditional retail banking, corporate and commercial banking, and wealth and asset management.

In the retail segment, Bank of Ireland provides deposit accounts, personal loans, credit cards, mortgages and insurance solutions to individual customers.