ING Groep (AMS:INGA) Given a €7.00 Price Target by Royal Bank of Canada Analysts

ING Groep (AMS:INGA) has been assigned a €7.00 ($7.87) price target by equities researchers at Royal Bank of Canada in a research note issued on Wednesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock.

Other equities analysts also recently issued research reports about the company. Morgan Stanley set a €6.00 ($6.74) target price on ING Groep and gave the company a “neutral” rating in a report on Monday, May 4th. Berenberg Bank set a €7.50 ($8.43) target price on ING Groep and gave the company a “buy” rating in a report on Thursday, July 2nd. Goldman Sachs Group set a €10.00 ($11.24) target price on ING Groep and gave the company a “buy” rating in a report on Monday. Barclays set a €8.40 ($9.44) target price on ING Groep and gave the company a “neutral” rating in a report on Friday, April 17th. Finally, Credit Suisse Group set a €6.80 ($7.64) target price on ING Groep and gave the company a “neutral” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. ING Groep currently has a consensus rating of “Buy” and an average target price of €8.25 ($9.27).

ING Groep has a 12 month low of €13.52 ($15.19) and a 12 month high of €16.69 ($18.75).

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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Analyst Recommendations for ING Groep (AMS:INGA)

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