What Are Some Good Shares to Buy in Ireland?

What Are Some Good Shares to Buy in Ireland?

As of December 2015, good shares to buy in Ireland include Bank of Ireland and C&C, reports City A.M. As forecasts indicate the Irish economy may grow approximately 6 percent in 2016, or triple the rate of the average European country, Bank of Ireland is likely to face higher demand for loans. C&C, a beverage company whose products include soft drinks, cider and beer, boasts high brand loyalty in its current markets and is expanding into the U.S. market.

C&C is an attractive buy due to its relatively low valuation and the dynamics of its sector, notes City A.M. The beverage markets C&C operates in are expanding at a rate in the double digits in the United States, the company’s newest market. The global beverage markets are also expected to undergo growth in 2016.

With a gain of approximately 17.5 percent by June 2015, the overall Irish stock market has enjoyed a strong performance in 2015, reflecting broader Irish economic recovery, reports CNN Money. Contributing factors include depreciation of the euro, the timely repayment of government loans, a decrease in government spending and a reduction of the budget deficit. The depreciation of the euro has increased the exports of eurozone countries, including Ireland.