ING Groep NV (AMS:INGA) Receives Average Rating of “Buy” from Brokerages
Shares of ING Groep NV (AMS:INGA) have earned an average recommendation of “Buy” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is €12.84 ($14.93).
A number of equities research analysts have recently weighed in on INGA shares. Deutsche Bank reiterated a “buy” rating on shares of ING Groep in a report on Friday, August 2nd. Goldman Sachs Group set a €14.50 ($16.86) price target on ING Groep and gave the company a “buy” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. set a €12.10 ($14.07) price target on ING Groep and gave the company a “buy” rating in a report on Wednesday, September 4th. Berenberg Bank set a €14.00 ($16.28) price target on ING Groep and gave the company a “buy” rating in a report on Wednesday, June 19th. Finally, UBS Group set a €12.30 ($14.30) price target on ING Groep and gave the company a “buy” rating in a report on Thursday, August 1st.
ING Groep has a twelve month low of €13.52 ($15.72) and a twelve month high of €16.69 ($19.41).
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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