ING: surrounded by broker talk

ING: surrounded by broker talk

(CercleFinance.com) – ING takes 6% in Amsterdam, on the back of favorable comments from Credit Suisse, which reaffirms its ‘outperformance’ opinion with a price target raised from nine to ten euros, after Friday’s publication of better-than-expected quarterly results.

While ING plans to pay the final 2019 and 2020 dividends, as well as the 2021 interim dividend in the last quarter of 2021, the broker sees « a potential return of around 12% (dividend and share buybacks) which should continue to support the share ».

Similarly, UBS remains ‘buy’ with an adjusted price target of 10.8 to ten euros for ING, which remains ‘one of the first choices of European banks’, judging it ‘well placed to offer an attractive yield and for its share to revalue’.

ING: surrounded by broker talk
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