Share on StockTwits

ING Groep (NYSE:ING) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday. They currently have a $13.30 price target on the stock. Zacks‘s price objective points to a potential downside of 6.93% from the stock’s previous close.

Shares of ING Groep (NYSE:ING) traded up 1.93% during mid-day trading on Tuesday, hitting $14.29. 1,115,231 shares of the company’s stock traded hands. ING Groep has a 52 week low of $8.92 and a 52 week high of $14.93. The stock’s 50-day moving average is $14.0 and its 200-day moving average is $13.98. The company’s market cap is $54.874 billion.

Separately, analysts at HSBC upgraded shares of ING Groep from an “underweight” rating to a “neutral” rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $23.53.

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.

To view Zacks’ full report, visit Zacks’ official website.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.