Download full report with analyst certification and important disclosures
Aug 13 2020, 06:30 IST/BST
Bank of Ireland
Improved outlook; dividend reinstated with FY 2021 results
- Sectors : Banks
- Companies : Bank of Ireland
DAVY VIEW
Proactive action on impairments in 2020, together with an improved outlook and better capital position, provides a more constructive foundation for Bank of Ireland (BOI) for the remainder of 2020. This is assisted by further self-help measures to offset the ongoing and known challenges to revenues and UK mortgages. As a result of these improvements in capital and profitability, we reinstate dividend payments with FY 2021 results and set a price target of €3.30 per share.
