Bank of America Securities Reaffirms Their Hold Rating on ING GROEP (0RIC)
In a report released yesterday, Tarik El Mejjad from Bank of America Securities reiterated a Hold rating on ING GROEP, with a price target of €30.50. The company’s shares closed yesterday at €29.06.
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According to TipRanks, El Mejjad is ranked #5728 out of 12338 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ING GROEP with a €30.88 average price target, implying a 6.26% upside from current levels. In a report released on July 8, RBC Capital also maintained a Hold rating on the stock with a €28.00 price target.
Based on ING GROEP’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €5.82 billion and a net profit of €1.56 billion. In comparison, last year the company earned a revenue of €5.64 billion and had a net profit of €1.46 billion
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- ING Groep price target raised to EUR 31.30 from EUR 28.90 at JPMorgan
- ING Groep price target raised to EUR 31.20 from EUR 30.20 at Citi
- ING Groep price target raised to EUR 31 from EUR 30 at Deutsche Bank
- ING Groep acquires 40% stake in Singular Bank, terms undisclosed
- ING appoints Andrea Cesaroni chief risk officer
