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Feb 28 2025, 08:17 GMT
Bank of Ireland
Post FY24 model update
- Sectors : Banks
- Companies : Bank of Ireland
DAVY VIEW
Bank of Ireland (BIRG) has set out its strategy as it navigates lower official interest rates. Meaningful growth in Ireland and cost ambition will deliver growing returns. BIRG’s model is highly capital accretive, supporting both lending growth and capital return with double-digit all-in distribution yields across our forecast horizon. We upgrade our price target to €14.90 and retain our ‘Outperform’ target.
