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Jan 2 2020, 07:00 GMT
Banks
2020: Irish economy stocks primed for performance
- Sectors : Banks
- Companies : Hibernia REIT | Bank of Ireland | Irish Continental Grp | AIB Group | Cairn Homes | Grafton Group | CPL Resources | Greencoat Renewables | Dalata Hotel Group | Glenveagh Properties | Applegreen | permanent tsb Group | IRES REIT | FBD Holdings
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| AIB Group | OUTPERFORM | 23/01/19 | Neutral | 14/08/18 | 320c |
| Applegreen | OUTPERFORM | 23/07/15 | N/A | N/A | 560c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 493c |
| Cairn Homes | OUTPERFORM | 26/08/15 | N/A | N/A | 127c |
| Dalata Hotel Group | OUTPERFORM | 09/09/14 | Under Review | 03/09/14 | 529c |
| FBD Holdings | OUTPERFORM | 01/09/17 | Neutral | 29/02/16 | 834c |
| Glenveagh Properties | OUTPERFORM | 10/11/17 | N/A | N/A | 85.9c |
| Grafton Group | OUTPERFORM | 15/12/15 | Neutral | 07/09/15 | 890p |
| Greencoat Renewables | OUTPERFORM | 24/08/17 | N/A | N/A | 121c |
| Hibernia REIT | OUTPERFORM | 11/11/14 | N/A | N/A | 142c |
| IRES REIT | OUTPERFORM | 08/05/15 | N/A | N/A | 160c |
| Irish Continental Grp | OUTPERFORM | 30/08/18 | Neutral | 19/02/18 | 480c |
| permanent tsb Group | NEUTRAL | 06/03/19 | Outperform | 01/08/18 | 107c |
DAVY VIEW
The factors that impeded the performance of stocks exposed to the fast-growing Irish economy in 2019 are now largely factored into forecasts. With valuations remaining attractive in absolute and relative terms, the prospects for these stocks in 2020 are positive as the economy continues to fire. We recommend a basket of these names including Glenveagh Properties, Cairn Homes, Dalata Hotel Group, Irish Continental Group, CPL Resources, FBD Holdings and IRES REIT.
