ING Groep NV (INGA) Receives Average Rating of “Buy” from Analysts

Shares of ING Groep NV (AMS:INGA) have earned an average rating of “Buy” from the eighteen brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is €16.39 ($19.29).

Several equities research analysts recently issued reports on INGA shares. S&P Global set a €18.50 ($21.76) price objective on shares of ING Groep NV and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Kepler Capital Markets set a €16.20 ($19.06) price objective on shares of ING Groep NV and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. UBS AG set a €16.30 ($19.18) price objective on shares of ING Groep NV and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Citigroup Inc. set a €17.50 ($20.59) price objective on shares of ING Groep NV and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, J P Morgan Chase & Co set a €17.60 ($20.71) price objective on shares of ING Groep NV and gave the stock a “buy” rating in a research report on Thursday, August 3rd.

Shares of ING Groep NV (AMS:INGA) traded up 0.35% during trading on Friday, hitting €15.72. 13,364,463 shares of the company’s stock were exchanged. The company has a 50-day moving average of €15.14 and a 200-day moving average of €15.04. ING Groep NV has a 12-month low of €10.98 and a 12-month high of €16.00. The company has a market cap of €61.06 billion and a P/E ratio of 12.35.

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ING Groep NV Company Profile

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

Analyst Recommendations for ING Groep NV (AMS:INGA)

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