Analysts Set ING Groep NV (ING) Target Price at $15.00
Shares of ING Groep NV (NYSE:ING) have received an average recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $15.00.
ING has been the subject of a number of analyst reports. Zacks Investment Research cut ING Groep from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine upgraded ING Groep from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st.
ING Groep (NYSE:ING) traded down $0.13 during midday trading on Wednesday, reaching $18.38. The company’s stock had a trading volume of 5,040,500 shares, compared to its average volume of 3,682,488. The stock has a market cap of $71,275.80, a PE ratio of 13.04, a PEG ratio of 1.43 and a beta of 1.20. ING Groep has a 52-week low of $13.63 and a 52-week high of $20.58. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.09 and a current ratio of 1.09.
Institutional investors and hedge funds have recently made changes to their positions in the business. We Are One Seven LLC acquired a new position in shares of ING Groep in the 4th quarter valued at approximately $101,000. Capital Analysts LLC acquired a new position in shares of ING Groep in the 4th quarter valued at approximately $1,111,000. Zions Bancorporation raised its position in shares of ING Groep by 1,021.8% in the 3rd quarter. Zions Bancorporation now owns 7,011 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 6,386 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in shares of ING Groep in the 3rd quarter valued at approximately $156,000. Finally, Diligent Investors LLC acquired a new position in shares of ING Groep in the 3rd quarter valued at approximately $190,000. 3.15% of the stock is currently owned by institutional investors.
About ING Groep
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 that 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 that 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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