Kepler Capital Maintains Their Buy Rating on ING Group (ING)


Kepler Capital analyst Arnaud Girod maintained a Buy rating on ING Group (ING) on October 6 and set a price target of EUR10.60. The company’s shares closed last Wednesday at $7.71.

Girod has an average return of 5.7% when recommending ING Group.

According to TipRanks.com, Girod is ranked #6538 out of 6976 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ING Group with a $12.43 average price target.

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Based on ING Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.35 billion and GAAP net loss of $79 million. In comparison, last year the company earned revenue of $3.7 billion and had a net profit of $588 million.

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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.

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