RBC raises ING Groep stock target from EUR 32 to EUR 33

Published on 10/12/2026 at 10:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ING Groep repurchased 1,450,000 shares in the latest weekly update. ING Groep stock was EUR 29.91 on October 12, 2026, plus 0.95 percent.

Key points in brief

RBC Capital raised its ING Groep target from EUR 32.00 to EUR 33.00 on October 9, 2026.
ING repurchased 1,450,000 shares during the week ended October 2, 2026.
The stock was EUR 29.91 at Lang & Schwarz, 0.95 percent above the Xetra close of EUR 29.63.
Second-quarter 2026 net income was EUR 1.95 billion, down from EUR 2.29 billion a year earlier.

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ING Groep (ISIN NL0011821202) received a higher RBC Capital valuation as the bank raised its price target from EUR 32.00 to EUR 33.00 on October 9, 2026. According to Markets Insider, RBC Capital analyst Anke Reingen kept a Sector Perform rating. The target move gives the latest market view a concrete benchmark while the shares remain below that level.

Three events shaped the stock

On September 17, 2026, ING announced the planned redemption of USD 1.50 billion in perpetual additional Tier 1 securities, with the call date set for November 16, 2026, according to ING. On October 6, 2026, the bank reported that it had repurchased 1,450,000 shares during the week ended October 2 at an average price of EUR 31.08, for EUR 45.07 million, under its EUR 1.00 billion program.

On October 9, 2026, RBC Capital raised its target from EUR 32.00 to EUR 33.00. The sequence matters because capital returns and analyst valuation now point in the same direction, while the current quote remains below the latest RBC target.

What does the latest target imply?

At EUR 29.91, the stock sits EUR 3.09 below the RBC target of EUR 33.00, a gap of 9.36 percent measured against the target. JPMorgan had already raised its target from EUR 36.30 to EUR 38.30 on October 2, 2026 and retained an Overweight rating, according to Markets Insider. Its target is EUR 8.39 above the Lang & Schwarz price, although the two targets reflect different analyst views.

ING's second-quarter 2026 consolidated net income was EUR 1.95 billion and diluted earnings per share were EUR 0.68, according to Simply Wall St. Net income was down 21.00 percent from EUR 2.47 billion in the second quarter of 2025, keeping earnings quality central to the valuation discussion.

Results and payout dates ahead

ING is scheduled to report its next earnings on October 29, 2026, while the next ex-dividend date is listed as December 3, 2026, according to Simply Wall St. Those dates give the stock two identifiable checkpoints after the October target revisions.

At Lang & Schwarz, ING Groep stock was trading at EUR 29.91 on October 12, 2026 at 10:21 a.m. CEST, up 0.95 percent versus the Xetra close of October 9, 2026 at EUR 29.63. The shares are listed on Euronext Amsterdam under ticker INGA.AS, with the primary quotation in EUR.

The further course of trading is shown by the continuously updated real-time quote of ING Groep stock.