Bank of Ireland Group plc (OTCMKTS:BKRIY – Get Rating) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 2,900 shares, a decline of 63.8% from the January 15th total of 8,000 shares. Based on an average daily trading volume, of 13,100 shares, the days-to-cover ratio is currently 0.2 days.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Berenberg Bank lifted their price target on Bank of Ireland Group from €9.00 ($9.68) to €10.00 ($10.75) in a research note on Monday, November 14th. Barclays lifted their price target on Bank of Ireland Group from €10.40 ($11.18) to €11.00 ($11.83) in a research note on Monday, October 24th. JPMorgan Chase & Co. lifted their price target on Bank of Ireland Group from €7.90 ($8.49) to €8.40 ($9.03) and gave the stock a "neutral" rating in a research note on Tuesday, December 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Bank of Ireland Group from €9.50 ($10.22) to €12.00 ($12.90) in a research note on Tuesday, November 29th. Finally, Keefe, Bruyette & Woods lowered Bank of Ireland Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $9.72.
Get Bank of Ireland Group alerts:Bank of Ireland Group Price Performance
OTCMKTS BKRIY opened at $10.58 on Friday. Bank of Ireland Group has a 1-year low of $5.35 and a 1-year high of $11.15. The stock has a 50-day moving average of $9.73 and a 200-day moving average of $7.86.
Bank of Ireland Group Company Profile
(Get Rating)Bank of Ireland Group Plc is a holding company, which engages in financial and banking solutions. Its services include current account and deposit services, overdrafts, term loans, mortgages, business and corporate lending, international asset financing, leasing, installment credit, invoice discounting, foreign facilities, interest and exchange rate, hedging instruments, life assurance, pension and protection products.
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