BCP issues its recommendations for 1998

BCP Stockbrokers has just issued its share recommendations for the Irish market for 1998

BCP Stockbrokers has just issued its share recommendations for the Irish market for 1998. It still favours the two main banks. It is recommending AIB as a buy for the medium term. Despite its current high value on the stock exchange, BCP believes substantial growth in its earnings will continue to support further gains in the months ahead. It is also recommending Bank of Ireland for largely the same reasons. It suggests investors should look at Anglo Irish Bank on the back of any weakness in its share price and should consider buying the stock at prices below £1.50. BCP has also issued buy recommendations for IWP, Greencore, Smurfit and Unidare.