In a report issued on March 25, Benoit Petrarque from Kepler Capital maintained a Buy rating on ING Group (ING – Research Report), with a price target of EUR13.70. The company’s shares closed last Friday at $12.01, close to its 52-week high of $12.76.
According to TipRanks.com, Petrarque is a 5-star analyst with an average return of 28.8% and a 88.1% success rate. Petrarque covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Helgeland Sparebank, and Erste Group Bank AG.
Currently, the analyst consensus on ING Group is a Moderate Buy with an average price target of $13.37.
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.