ING Groep Lowered to Underperform at Zacks (ING)
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.
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