ING Groep NV (NYSE:ING) shares gapped up prior to trading on Friday . The stock had previously closed at $10.68, but opened at $10.86. ING Groep NV shares last traded at $11.13, with a volume of 1,895,705 shares changing hands.

A number of brokerages have recently issued reports on ING. Zacks Investment Research upgraded ING Groep NV from a “sell” rating to a “hold” rating in a report on Friday, June 24th. Macquarie upgraded ING Groep NV from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 5th. Finally, TheStreet upgraded ING Groep NV from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $13.63.

The company has a 50 day moving average price of $10.76 and a 200 day moving average price of $11.69. The stock has a market capitalization of $43.39 billion and a P/E ratio of 11.37.

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.

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