In a report issued on June 30, Arnaud Girod from Kepler Capital maintained a Buy rating on ING Group (ING – Research Report), with a price target of EUR14.10. The company’s shares closed last Thursday at $13.44, close to its 52-week high of $14.28.
Girod has an average return of 51.9% when recommending ING Group.
According to TipRanks.com, Girod is ranked #3286 out of 7580 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ING Group with a $16.71 average price target.
Based on ING Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.93 billion and net profit of $493 million. In comparison, last year the company earned revenue of $3.09 billion and had a net profit of $2 million.
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ING Groep N.V. is a Dutch multinational financial institution with a strong European base. The company engages in offering banking, insurance and asset management services to individuals, small and medium-sized enterprises.