ING Groep NV (AMS:INGA) has been assigned an average rating of “Buy” from the sixteen brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is €16.97 ($20.95).
INGA has been the subject of several recent research reports. Goldman Sachs Group set a €18.00 ($22.22) price target on shares of ING Groep and gave the company a “buy” rating in a research report on Tuesday, November 28th. UBS Group set a €17.40 ($21.48) price objective on shares of ING Groep and gave the company a “buy” rating in a research note on Wednesday, November 29th. Royal Bank of Canada set a €16.00 ($19.75) price objective on shares of ING Groep and gave the company a “buy” rating in a research note on Friday, December 1st. Morgan Stanley set a €15.00 ($18.52) price objective on shares of ING Groep and gave the company a “sell” rating in a research note on Wednesday, December 13th. Finally, JPMorgan Chase & Co. set a €17.90 ($22.10) price objective on shares of ING Groep and gave the company a “buy” rating in a research note on Thursday, January 11th.
Shares of ING Groep (AMS:INGA) traded down €0.08 ($0.10) during midday trading on Wednesday, reaching €14.24 ($17.58). 12,540,000 shares of the company’s stock traded hands, compared to its average volume of 16,560,000. ING Groep has a 1 year low of €13.52 ($16.69) and a 1 year high of €16.69 ($20.60). The firm has a market cap of $55,320.00 and a PE ratio of 11.30.
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About ING Groep
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.
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