Morgan Stanley Downgrades AIB Group (OTCMKTS:AIBRF) to Underweight

Posted by on Jun 8th, 2023

AIB Group (OTCMKTS:AIBRF – Get Rating) was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued on Tuesday, The Fly reports.

A number of other research firms have also recently commented on AIBRF. Barclays upped their price target on AIB Group from GBX 430 ($5.35) to GBX 510 ($6.34) in a research note on Friday, March 10th. UBS Group raised AIB Group from a “neutral” rating to a “buy” rating in a research report on Thursday, May 11th. Finally, Credit Suisse Group began coverage on shares of AIB Group in a research note on Monday, February 20th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.03.

AIB Group Stock Performance

Shares of AIB Group stock opened at $4.09 on Tuesday. The stock’s 50 day simple moving average is $4.11 and its 200-day simple moving average is $3.92. AIB Group has a 1-year low of $2.05 and a 1-year high of $4.31.

AIB Group Company Profile

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AIB Group plc engages in the provision of financial services. It operates through the following segments: Retail Banking, Corporate, Institutional, and Business Banking (CIB), Wholesale, AIB UK, and Group. The Retail Banking segment focuses on meeting the current, emerging and future needs of personal and SME customers.

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Analyst Recommendations for AIB Group (OTCMKTS:AIBRF)

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