permanent tsb Group

Interest rate forecast upgrade and H1 preview

  • Sectors : Banks
  • Companies : permanent tsb Group

Ratings and price correct at time of issue.

  • permanent tsb Group

    Closing Price: 129c

  • RATING 04/02/21

  • PREVIOUS RATING 06/03/19



Permanent tsb Group (PTSB) kicks off Irish banks’ H1 reporting season on July 27th. H1 2022 is an important staging post ahead of the prospective closing of its transformational acquisition. Increases to ECB interest rates also provide further important tailwinds and assist on the journey to sustainable returns. Ahead of results, we upgrade earnings and increase our price target to €3.28.

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Jul 22 2022, 07:10 IST/BST