In a report issued on September 21, Christoffer Adams from Kepler Capital maintained a Buy rating on ING Group (ING), with a price target of EUR10.60. The company’s shares closed last Thursday at $6.94.
According to TipRanks.com, Adams has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -6.1% and a 43.1% success rate. Adams covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Banca Mediolanum SpA, and Erste Group Bank AG.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ING Group with a $12.38 average price target.
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ING Group’s market cap is currently $30.3B and has a P/E ratio of 13.30. The company has a Price to Book ratio of 0.53.
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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.
