Morgan Stanley analyst Giulia Miotto maintained a Buy rating on ING GROEP on October 8 and set a price target of €25.40. The company’s shares closed last Friday at €21.04.
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According to TipRanks, Miotto is a 5-star analyst with an average return of 15.3% and a 69.40% success rate. Miotto covers the Financial sector, focusing on stocks such as KBC Group SA/NV, Deutsche Bank AG, and ING GROEP.
Currently, the analyst consensus on ING GROEP is a Moderate Buy with an average price target of €23.89, a 13.56% upside from current levels. In a report released on October 8, UBS also maintained a Buy rating on the stock with a €24.00 price target.
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 lowered to EUR 24.40 from EUR 25 at JPMorgan
- ING Groep price target lowered to EUR 22 from EUR 23 at RBC Capital
- ING Groep price target raised to EUR 25 from EUR 22.60 at JPMorgan
- ING Groep upgraded to Overweight from Equal Weight at Morgan Stanley
- Largest borrow rate increases among liquid names
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