Research analysts at StockNews.com began coverage on shares of ING Groep (NYSE:ING – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the financial services provider’s stock.
A number of other equities analysts also recently weighed in on the company. Societe Generale downgraded ING Groep from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. JPMorgan Chase & Co. boosted their price target on ING Groep from €13.00 ($13.98) to €13.40 ($14.41) in a research note on Wednesday, December 7th. Finally, Morgan Stanley boosted their price target on ING Groep from €14.00 ($15.05) to €16.00 ($17.20) and gave the company an “overweight” rating in a research note on Friday, November 18th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.91.
ING Groep Trading Down 8.7 %
Shares of ING opened at $11.59 on Thursday. ING Groep has a fifty-two week low of $8.14 and a fifty-two week high of $14.72. The business’s 50-day moving average is $13.67 and its 200-day moving average is $11.58.
Institutional Investors Weigh In On ING Groep
ING Groep Company Profile
ING Groep NV engages in the provision of banking, investments, life and non-life insurance, and retirement and asset management services. It operates through the following segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line. The Retail Netherlands segment offers current and savings accounts, business lending, mortgages, and consumer lending.
- Get a free copy of the StockNews.com research report on ING Groep (ING)
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