AIB Group

A new route to achieve targets

  • Sectors : Banks
  • Companies : AIB Group

Ratings and price correct at time of issue.

  • AIB Group

    Closing Price: 153c

  • RATING 23/01/19

  • PREVIOUS RATING 14/08/18

    NEUTRAL

DAVY VIEW

AIB’s end returns target may not change but, understandably, the route to achievement has. The upcoming investor update will provide further details – we expect costs, capital targets and capital returns to be the main focus, while the timeline for achievement may also be extended to 2023 (from 2022). Despite the recent rally, AIB continues to be valued on 2021 earnings – ignoring surplus capital and increases in forecast earnings in 2022 and beyond.

Download full report with analyst certification and important disclosures

Nov 30 2020, 07:05 GMT

Download