Brokers’ opinion on ING, KBC and Umicore | Vranken climbs again | Buying advice for Euronav (+Briefing)

Brokers' opinion on ING, KBC and Umicore | Vranken climbs again | Buying advice for Euronav (+Briefing)

February 16, 2021
Today at
12:43

The trend is hesitant this Tuesday lunchtime on the European markets following a session where Wall Street remained closed. US stock markets are expected to be in the green.

The main European stock markets are marking time this Tuesday at noon, after starting the week with a bang, but the overall climate remains favourable for risky assets, as investors are still betting on a recovery in the economy this year.

Wall Street should open higher, if we rely on U.S. index futures around 12:35 p.m.

In Brussels, the Bel 20

was hovering around 12:35, as was the Continuous Disclosure Index.

Barco (+2.6%) led the gains, followed by Aedifica (+2%). ING rose by 0.7%. Analysts have further raised their price target for the bank following its results published last Friday. Also noteworthy are the gains at Solvay (+1.4%) and Cofinimmo (+0.6%).

Galapagos, for its part, has not stopped losing ground (-1.1%) since the flop of a major clinical trial. AvH is abandoning 0.5%, as is Colruyt.

Excluding Bel 20, Vranken is still climbing by 7% after its flight on Monday. Balta (+3.9%) and Euronav (+2.7%) stand out. A broker has switched to buying the tanker group.

Among the laggards are Advicenne (-4.8%), Hamon (-2.4%) and Qrf (-2%).

Le briefing actions belges

Le briefing actions belges

>ING: Kepler Chevreux has raised its target price to 13.3 euros, compared to 11.6 euros before. The recommendation remains to be « bought ».

>KBC: Kepler Cheuvreux has included the stock in its list of the least preferred stocks in the European banking sector. It remains to be « reduced », with a price target of 45 euros.

>Leasinvest

Kepler Cheuvreux has reduced its target price to 79 euros, compared to 80 euros before. The recommendation remains to be « kept ».

>Solvay

gets into the flying taxi business. The Solvay chemicals group has signed a partnership with the British company Vertical Aerospace to assist it in the creation of flying taxis. A prototype should be finalized before the end of 2021. Our article.

>ING

: *Jefferies raised its share price target to 11.4 euros, compared to 9.8 euros before. The recommendation remains to be « bought ». *Mediobanca raised its target price to 11.5 euros, compared with 10.5 euros before. The recommendation remains to « outperform » (buy).

>ING interim ex-dividend quote of 12 cents gross. Payment will be made on February 24.

>KBC

: *SocGen has reduced its share price target to 62 euros, compared to 65 euros before. The recommendation remains to be « bought ». *Oddo BHF has raised its target price to 75 euros, compared to 72 euros before. The recommendation remains to « outperform » (buy).

>Umicore

: *Exane BNP Paribas has raised its share price target to EUR 50, compared to EUR 40 before. Degroof Petercam raised its target price to EUR 52, compared to EUR 47 before. The recommendation remains to « keep ».

>GBL

acquired 8,353 of its own shares last week at an average unit price of 85.87 euros.

>Ahold Delhaize

acquired 1,497,400 of its own shares last week at an average unit price of 23.27 euros.

>After the Romanian capital, the Belgian promoter Atenor

launches a second major residential program in Eastern Europe. The phased Lake City project will develop a total of 1,300 housing units in the 11th district of Budapest. Our article.

>Euronav

: Cleaves Securities has raised its recommendation to « buy » versus « sell » before. Its target price is set at 9.9 euros.

>Kiadis

issued new shares for Kreos Capital following the agreed conversion of convertible bonds. The press release.

>To be watched this Tuesday. Euro zone. Employment in Q4 (11:00am). Q4 GDP – second estimate (11am).

Brokers’ opinion on ING, KBC and Umicore | Vranken climbs again | Buying advice for Euronav (+Briefing)
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