AIB Group (OTCMKTS:AIBRF) Shares Down 1% – Should You Sell?

Shares of AIB Group plc (OTCMKTS:AIBRF) dropped 1% during trading on Thursday . The company traded as low as $10.38 and last traded at $10.38. Approximately 1,053 shares changed hands during trading, a decline of 64% from the average daily volume of 2,942 shares. The stock had previously closed at $10.4850.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AIBRF shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of AIB Group in a research note on Monday, December 15th. Citigroup restated a “buy” rating on shares of AIB Group in a research report on Monday, November 24th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, AIB Group currently has an average rating of “Hold”.

AIB Group Stock Down 1.0%

The stock has a 50 day simple moving average of $10.71 and a 200-day simple moving average of $9.53.

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.