Friday, June 5, 2015

Why I Am Raising My Price Target On ING

[Full Article Here]
ING has been one of the stocks I have been focusing on lately and I am very bullish on the stock. I even think this is the best investment for investors that are looking for a European bank to invest in. I raised my price target to 17.50 EUR for 2015 and 20.10 EUR for 2017.
The company's quarter results appealed to me for the following reasons:

  • A 43% higher underlying net result compared to last year
  • ING's lending book grew 7 bn EUR, aided by economic growth
  • Bad loans decreased by 8%
  • ING's CET 1 ratio significantly improved
The combination of econmics recovery, solid results and dividends I think ING is one of the best buys if you want to invest in the European financial sector.

[Full Article Here] 

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