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ING Groep (NYSE:ING) was downgraded by analysts at HSBC from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.

Shares of ING Groep (NYSE:ING) traded down 1.37% during mid-day trading on Tuesday, hitting $14.40. 1,316,899 shares of the company’s stock traded hands. ING Groep has a 52 week low of $7.00 and a 52 week high of $14.93. The stock’s 50-day moving average is $13.51 and its 200-day moving average is $12.06. The company has a market cap of $55.240 billion and a P/E ratio of 10.87.

Other equities research analysts have also recently issued reports about the stock. Analysts at BTIG Research downgraded shares of ING Groep to a “neutral” rating in a research note to investors on Thursday, January 9th. Separately, analysts at UBS AG raised their price target on shares of ING Groep from $10.30 to $11.30 in a research note to investors on Friday, November 8th. Finally, analysts at Sandler O’Neill raised their price target on shares of ING Groep from $31.00 to $35.00 in a research note to investors on Friday, November 8th. They now have a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. ING Groep has a consensus rating of “Hold” and a consensus price target of $21.10.

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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