ING Groep NV (AMS:INGA) has been assigned an average recommendation of “Buy” from the sixteen brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is €16.97 ($20.95).
A number of research firms have recently commented on INGA. 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 report on Thursday, January 4th. Deutsche Bank set a €17.00 ($20.99) target price on shares of ING Groep and gave the company a “buy” rating in a research report on Tuesday, February 20th. Goldman Sachs Group set a €18.00 ($22.22) target price on shares of ING Groep and gave the company a “buy” rating in a research report on Thursday, December 14th. JPMorgan Chase & Co. set a €17.90 ($22.10) target price on shares of ING Groep and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Morgan Stanley set a €14.80 ($18.27) price target on shares of ING Groep and gave the stock a “sell” rating in a research note on Thursday, February 1st.
Shares of ING Groep (AMS INGA) traded down €0.08 ($0.10) during trading hours on Wednesday, reaching €14.24 ($17.58). 12,540,000 shares of the company’s stock were exchanged, compared to its average volume of 16,560,000. The company has a market capitalization of $55,320.00 and a price-to-earnings ratio of 11.30. ING Groep has a 12-month low of €13.52 ($16.69) and a 12-month high of €16.69 ($20.60).
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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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