ING Groep NV (ING) Shares Gap Up to $10.86
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.
ING has been the topic of several research analyst reports. TheStreet raised shares of ING Groep NV from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Zacks Investment Research raised shares of ING Groep NV from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday, April 13th. Macquarie raised shares of ING Groep NV from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 5th. Finally, Morgan Stanley cut shares of ING Groep NV from an “equal” rating to an “underweight” rating in a report on Thursday, March 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. ING Groep NV currently has a consensus rating of “Hold” and a consensus price target of $13.63.
The stock’s 50-day moving average price is $10.76 and its 200 day moving average price is $11.69. The stock has a market cap of $43.39 billion and a price-to-earnings 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.