ING Groep NV (ING) Trading 1.5% Higher
ING Groep NV (NYSE:ING) traded up 1.5% during mid-day trading on Wednesday . The company traded as high as $12.62 and last traded at $12.50, with a volume of 3,920,450 shares. The stock had previously closed at $12.32.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised ING Groep NV from a “sell” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday. Macquarie raised ING Groep NV from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 5th. Finally, TheStreet raised ING Groep NV from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. ING Groep NV has an average rating of “Buy” and an average target price of $13.63.
The stock has a market capitalization of $49.15 billion and a P/E ratio of 9.88. The company’s 50-day moving average price is $11.55 and its 200 day moving average price is $11.75.
The business also recently announced a dividend, which was paid on Monday, August 22nd. Investors of record on Monday, August 15th were given a $0.219 dividend. The ex-dividend date of this dividend was Thursday, August 11th.
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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