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Kepler Capital Reaffirms Their Buy Rating on ING GROEP (0RIC)

Tipranks - Tipranks - Sat Jan 31, 8:00PM CST

In a report released on January 29, Benoit Petrarque from Kepler Capital maintained a Buy rating on ING GROEP, with a price target of €28.50. The company’s shares closed last Thursday at €24.63.

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According to TipRanks, Petrarque is a top 100 analyst with an average return of 23.3% and a 71.88% success rate. Petrarque covers the Financial sector, focusing on stocks such as KBC Group SA/NV, ABN AMRO Group N.V., and ING GROEP.

In addition to Kepler Capital , ING GROEP also received a Buy from Citi’s Shrey Srivastava in a report issued yesterday. However, on January 29, Bank of America Securities maintained a Hold rating on ING GROEP (LSE: 0RIC).

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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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