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

Bank of Ireland Group plc (OTCMKTS:BKRIY) saw strong trading volume on Tuesday. Approximately 99,289 shares were traded 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.

Analysts Set New Price Targets

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

Bank of Ireland Group Stock Performance

The company’s 50 day simple moving average is $21.79 and its 200-day simple moving average is $20.37.

Bank of Ireland Group Company Profile

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.