ING Groep NV (ING) Trading 7.7% Higher
Shares of ING Groep NV (NYSE:ING) traded up 7.7% during mid-day trading on Wednesday . The stock traded as high as $11.49 and last traded at $11.37, with a volume of 3,482,549 shares. The stock had previously closed at $10.56.
Several analysts have recently issued reports on the stock. TheStreet upgraded shares of ING Groep NV from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Macquarie upgraded shares of ING Groep NV from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 5th. Finally, Zacks Investment Research upgraded shares of ING Groep NV from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.63.
The firm has a market cap of $44.24 billion and a price-to-earnings ratio of 11.51. The company’s 50 day moving average is $10.73 and its 200-day moving average is $11.66.
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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