ING Groep NV (ING) Shares Gap Down to $10.93
ING Groep NV (NYSE:ING)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $10.90, but opened at $10.93. ING Groep NV shares last traded at $11.01, with a volume of 2,073,423 shares.
ING has been the topic of a number of research analyst reports. Deutsche Bank AG restated a “buy” rating on shares of ING Groep NV in a research note on Wednesday, March 30th. Zacks Investment Research upgraded ING Groep NV from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Wednesday, April 13th. TheStreet upgraded ING Groep NV from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Macquarie upgraded ING Groep NV from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 5th. Finally, Morgan Stanley lowered ING Groep NV from an “equal” rating to an “underweight” rating in a research note on Thursday, March 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. ING Groep NV presently has an average rating of “Hold” and a consensus target price of $13.63.
The company has a market capitalization of $42.65 billion and a P/E ratio of 11.06. The firm’s 50 day moving average is $11.00 and its 200 day moving average is $11.77.
An institutional investor recently raised its position in ING Groep NV stock. Comerica Bank increased its stake in shares of ING Groep NV (NYSE:ING) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 316,753 shares of the company’s stock after buying an additional 8,501 shares during the period. Comerica Bank’s holdings in ING Groep NV were worth $3,946,000 at the end of the most recent reporting period.
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 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.