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 traded. The stock had previously closed at $10.56.
Several analysts have issued reports on the stock. 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 research report on Wednesday, April 13th. TheStreet raised shares of ING Groep NV from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, Macquarie raised shares of ING Groep NV from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 5th. 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. ING Groep NV presently has a consensus rating of “Hold” and an average price target of $13.63.
The company’s 50-day moving average is $10.75 and its 200-day moving average is $11.66. The firm has a market cap of $44.86 billion and a price-to-earnings ratio of 11.659.
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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