Kepler Capital analyst Andreas Schneider maintained a Buy rating on ING Group (ING) yesterday and set a price target of EUR8.60. The company’s shares closed last Tuesday at $7.28.
According to TipRanks.com, Schneider is ranked #6567 out of 6821 analysts.
Currently, the analyst consensus on ING Group is a Moderate Buy with an average price target of $8.56.
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Based on ING Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.31 billion and net profit of $670 million. In comparison, last year the company earned revenue of $4.31 billion and had a net profit of $1.12 billion.
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ING Groep NV engages in the provision of banking, investments, life and non-life insurance, and retirement and asset management services. It operates through the following five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other and Wholesale Banking. The Retail Netherlands segment offers current and savings accounts, business lending, mortgages, and consumer lending. The Retail Belgium segment provides banking, life and non-life insurance, and asset management products and services. The Retail Germany segment involves retail and private banking, which offers current and savings accounts, mortgages, and customer lending. The Retail Other segment comprises of retail banking activities. The Wholesale Banking segment includes cash management to corporate finance, real estate, and lease. The company was founded on March 4, 1991 and is headquartered in Amsterdam, Netherlands.