Reports and consensus on 3Q trading update

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Reports on 3Q trading update

Date Analyst Title Recommendation Target price
09/12/20  ABN Amro  A missed opportunity, modest upside left  Hold  €30.00
04/12/20  Alpha Value Profitability rises faster than top line  Add  €27.40
23/11/20  Degroof Petercam  Margin surprise still not fully priced in Buy  €32.00 
23/11/20  ABN Amro  Strong 3Q20, FY EBIT guidance higher than consensus  Hold  €19.00
20/11/20  KBC  FY Ebit guidance of almost flat is positive surprise  Accumulate  €28.00 
20/11/20  Degroof Petercam  A much stronger than anticipated margin recovery Under review 
17/11/20  KBC  Preview: 3Q revenue forecast to decline 11%  Hold  €25.00
11/11/20  ABN Amro Preview 3Q trading update Hold  €19.00 

Analyst consensus before 3Q 2020 disclosure

in millions of €

2020 third quarter consensus
2020 third quarter consensus for the full year

We received estimates from 6 analysts, including ABN Amro, Degroof Petercam, ING, KBC Securities, Kempen, Kepler Cheuvreux. The last estimate was received on 20 October 2020.