ING Groep NV (AMS:INGA) has been given a €17.50 ($20.59) target price by equities research analysts at Citigroup Inc. in a report issued on Wednesday. The brokerage currently has a “buy” rating on the stock.
Several other equities research analysts also recently issued reports on the company. J P Morgan Chase & Co set a €17.60 ($20.71) price target on ING Groep NV and gave the stock a “buy” rating in a report on Thursday, June 22nd. Deutsche Bank AG set a €17.00 ($20.00) price target on ING Groep NV and gave the stock a “buy” rating in a report on Thursday, July 6th. Macquarie set a €17.00 ($20.00) price target on ING Groep NV and gave the stock a “buy” rating in a report on Saturday, May 20th. Goldman Sachs Group, Inc. (The) set a €18.00 ($21.18) price target on ING Groep NV and gave the stock a “neutral” rating in a report on Friday, July 14th. Finally, Barclays PLC set a €18.00 ($21.18) price target on ING Groep NV and gave the stock a “buy” rating in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of €16.35 ($19.24).
Shares of ING Groep NV (INGA) opened at 15.08 on Wednesday. ING Groep NV has a 1-year low of €10.35 and a 1-year high of €16.00. The firm has a 50-day moving average of €15.54 and a 200-day moving average of €14.74. The firm has a market capitalization of €58.57 billion and a PE ratio of 11.85.
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About ING Groep NV
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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