ING Groep NV (INGA) Receives Consensus Recommendation of “Buy” from Analysts

ING Groep NV (AMS:INGA) has been assigned a consensus rating of “Buy” from the eighteen analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is €16.35 ($19.24).

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A number of research firms recently issued reports on INGA. Macquarie set a €17.50 ($20.59) target price on ING Groep NV and gave the stock a “buy” rating in a research note on Thursday. Goldman Sachs Group, Inc. (The) set a €18.00 ($21.18) target price on ING Groep NV and gave the stock a “neutral” rating in a research note on Thursday. UBS AG set a €16.40 ($19.29) target price on ING Groep NV and gave the stock a “buy” rating in a research note on Tuesday. Citigroup Inc. set a €17.50 ($20.59) target price on ING Groep NV and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, J P Morgan Chase & Co set a €17.60 ($20.71) target price on ING Groep NV and gave the stock a “buy” rating in a research note on Thursday, August 3rd.

ING Groep NV (INGA) traded down 0.098% during mid-day trading on Friday, hitting €15.265. 16,686,144 shares of the company traded hands. ING Groep NV has a one year low of €10.36 and a one year high of €16.00. The company has a market capitalization of €59.29 billion and a price-to-earnings ratio of 11.991. The company’s 50-day moving average price is €15.54 and its 200 day moving average price is €14.70.

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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.