Bank of America analyst raises target price for AIB shares

Alastair Ryan also expects the lender to pay out €1.8 billion per year for the next three year

Alastair Ryan, research analyst at Bank of America, anticipates AIB will pay out all of its profits in the coming years equivalent to €1.8 billion per year over the next three years. Picture: Bloomberg/Aidan Crawley

Shares in AIB have more room for growth and the bank is expected to pay out more to shareholders in the coming years, according to a leading analyst.

Alastair Ryan, research analyst at Bank of America (BofA), raised AIB’s price objective from €6.10 to €6.40 when fully valued. Shares are currently trading at €4.85 after climbing 25 per cent since the start of the year.

Ryan also anticipates the Irish bank will pay out all ...