AIB Group

The correct course of action

  • Sectors : Banks
  • Companies : AIB Group

Ratings and price correct at time of issue.

  • AIB Group

    Closing Price: 171c

  • RATING 23/01/19

  • PREVIOUS RATING 14/08/18



Addressing its cost base through an ambitious cost restructuring programme positions AIB to achieve its 8% ‘North Star’ return target – in line with its pre-COVID-19 target. Yet the stock remains 48% from its pre-COVID level. Although restructuring detracts from near-term capital returns, it does not alter the longer-term view of a well-capitalised bank with surplus capital return and inorganic opportunities to provide future upside. We retain our ‘Outperform’ rating with a price target of €2.13 (prior: €1.60).

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Jan 13 2021, 06:45 GMT