ING Groep Upgraded to “Neutral” by Zacks (ING)
ING Groep (NYSE:ING) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $13.60 target price on the stock. Zacks‘s price objective would suggest a potential upside of 2.80% from the company’s current price.
ING Groep (NYSE:ING) traded down 0.91% on Tuesday, hitting $13.11. 695,548 shares of the company’s stock traded hands. ING Groep has a 52-week low of $10.79 and a 52-week high of $14.93. The stock has a 50-day moving average of $13.64 and a 200-day moving average of $13.93. The company’s market cap is $50.484 billion.
ING Groep (NYSE:ING) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter. On average, analysts predict that ING Groep will post $1.52 earnings per share for the current fiscal year.
Separately, analysts at HSBC upgraded shares of ING Groep from a “neutral” rating to an “overweight” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $22.84.
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.
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