ING Groep (ING) Raised to Strong-Buy at ValuEngine

ValuEngine upgraded shares of ING Groep (NYSE:ING) from a buy rating to a strong-buy rating in a report released on Friday morning.

A number of other analysts have also commented on ING. Zacks Investment Research lowered ING Groep from a buy rating to a hold rating in a report on Friday, November 3rd. Deutsche Bank reissued a buy rating on shares of ING Groep in a report on Thursday, October 12th. UBS reissued a buy rating on shares of ING Groep in a report on Tuesday, September 5th. Finally, Goldman Sachs Group raised ING Groep from a neutral rating to a buy rating in a report on Wednesday, September 6th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $15.00.

Shares of ING Groep (NYSE ING) traded down $0.12 on Friday, reaching $17.98. The company’s stock had a trading volume of 4,792,000 shares, compared to its average volume of 3,422,828. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $69,724.64, a price-to-earnings ratio of 11.99, a P/E/G ratio of 2.29 and a beta of 1.20. ING Groep has a 1 year low of $13.32 and a 1 year high of $19.01.

Several hedge funds have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its holdings in shares of ING Groep by 14.4% in the third quarter. Neuberger Berman Group LLC now owns 90,573 shares of the financial services provider’s stock valued at $1,668,000 after acquiring an additional 11,389 shares in the last quarter. Guardian Capital LP bought a new position in shares of ING Groep in the third quarter valued at approximately $10,210,000. Janney Montgomery Scott LLC grew its holdings in shares of ING Groep by 35.5% in the third quarter. Janney Montgomery Scott LLC now owns 73,499 shares of the financial services provider’s stock valued at $1,354,000 after acquiring an additional 19,273 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of ING Groep by 138.9% in the third quarter. Cubist Systematic Strategies LLC now owns 101,930 shares of the financial services provider’s stock valued at $1,878,000 after acquiring an additional 59,258 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. bought a new position in shares of ING Groep in the third quarter valued at approximately $156,000. 2.97% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://transcriptdaily.com/2017/12/04/ing-groep-ing-raised-to-strong-buy-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ING Groep (NYSE:ING)

Receive News & Ratings for ING Groep NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep NV and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply