ING GROEP (0RIC) Receives a Rating Update from a Top Analyst
In a report released today, Chris Hallam from Goldman Sachs maintained a Buy rating on ING GROEP, with a price target of €29.20.
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According to TipRanks, Hallam is a top 100 analyst with an average return of 26.9% and a 78.30% success rate.
In addition to Goldman Sachs, ING GROEP also received a Buy from J.P. Morgan’s Delphine Lee in a report issued yesterday. However, on the same day, Morgan Stanley maintained a Hold rating on ING GROEP (LSE: 0RIC).
Based on ING GROEP’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €24.26 billion and a net profit of €1.68 billion. In comparison, last year the company earned a revenue of €27.87 billion and had a net profit of €1.78 billion
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- ING Groep price target raised to EUR 29 from EUR 28 at Deutsche Bank
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