First Active retains Goodbody Stockbrokers buy recommendation

FIRST Active is still a buy according to Goodbody Stockbrokers, who predict its share price will hit €5.50.

The former building society shares opened yesterday at €4.77, below the shares’ 2002 high of €5.30 but well ahead of their January 2 low for the year of €3.25.

Goodbody analyst Len Riddell yesterday reiterated the firm’s buy recommendation following what he said was a confident meeting with management.