IL&P still gets seal of approval

IRISH Life and Permanent remains a firm favourite with brokers despite announcing a 40% decrease in life insurance products.

Goodbody has increased their price target for the company to €11. Goodbody analyst Len Riddell said they were leaving their recommendation unchanged but were raising their price target from €10.5 to €11 following the confirmation of weak first quarter retail life sales volumes.

Dolmen Butler Briscoe analyst Stuart Draper also retained his buy recommendation on the share believing them to be undervalued.