ING Groep Downgraded by ING Group to “Neutral” (ING)
ING Groep (NYSE:ING) was downgraded by investment analysts at ING Group from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
Shares of ING Groep (NYSE:ING) opened at 11.54 on Monday. ING Groep has a 52-week low of $7.00 and a 52-week high of $12.39. The stock’s 50-day moving average is $11.33 and its 200-day moving average is $9.37. The company has a market cap of $44.267 billion and a P/E ratio of 10.43.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas downgraded shares of ING Groep (NYSE:ING) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of ING Groep (NYSE:ING) from a “buy” rating to a “conviction-buy” rating in a research note to investors on Monday, September 16th. Finally, analysts at UBS AG initiated coverage on shares of ING Groep (NYSE:ING) in a research note to investors on Tuesday, September 3rd. They set a “buy” rating on the stock.
One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.81.
ING Groep N.V. (NYSE:ING) is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers.
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