Deutsche Bank Upgrades Bank of Ireland (IRE) to Buy
More News related to IRE
- UBS Upgrades Bank of Ireland (IRE) to Neutral
- Irish Banks Higher as Traders Applaud Bank of Ireland Results (IRE, AIB)
- Morning Movers 11/04: MPAC, ABK, GNVC, RHB, IRE, PACR Higher; STEC, CLRT, VG, TRLG, ANSW Lower
- Morning Movers 10/03: BNI, DDRX, BDK, AIMC, RTEC, MEDW Higher; CKEC, TPGI, IBCP, NSTC, CMLS, HEB Lower
- Irish Banks Continue to Slide as EU Could Impose Strict Requirements for Gov't Aid (AIB, IRE)
Deutsche Bank upgrades Bank of Ireland (NYSE: IRE) to Buy. Price target raised to E2.
Deutsche analyst says, "We expect slower revenues and higher loan losses will see the group lose E2bn over the next two years. However, with the share at 1x pre-provision profit and 2.5x post crisis earnings, and with adequate capital ratios the risks are more than reflected in the share price we believe. Though this stock remains very geared in our view to sentiment and regulatory change (the pricing of NAMA in particular) we see value in buying it here. Target price to E2 from E0.7, Buy."
Bank of Ireland provides a range of banking and other financial services.
To see more analyst ratings on IRE Click Here.
Related Categories
UpgradesStocks Mentioned
+0.12Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
