ING Groep (NYSE:ING) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Several other research firms have also recently issued reports on ING. Deutsche Bank reaffirmed a “buy” rating on shares of ING Groep in a report on Thursday, October 12th. Zacks Investment Research cut shares of ING Groep from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. UBS reissued a “buy” rating on shares of ING Groep in a report on Tuesday, September 5th. Finally, Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $15.00.

ING Groep (NYSE ING) traded down $0.12 on Friday, reaching $17.98. 4,792,084 shares of the company traded hands, compared to its average volume of 2,164,639. The firm has a market capitalization of $69,724.64, a PE ratio of 11.99, a PEG ratio of 2.29 and a beta of 1.20. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.05. ING Groep has a 1 year low of $13.32 and a 1 year high of $19.01.

Several large investors have recently modified their holdings of ING. Quadrant Capital Group LLC raised its holdings in shares of ING Groep by 5.9% during the second quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 389 shares during the period. Krilogy Financial LLC acquired a new stake in shares of ING Groep during the second quarter worth $127,000. Zions Bancorporation raised its holdings in shares of ING Groep by 1,021.8% during the third quarter. Zions Bancorporation now owns 7,011 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 6,386 shares during the period. Bank of Nova Scotia Trust Co. acquired a new stake in shares of ING Groep during the third quarter worth $156,000. Finally, MAI Capital Management acquired a new stake in shares of ING Groep during the second quarter worth $178,000. 2.97% of the stock is currently owned by institutional investors.

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About ING Groep

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ING Groep (NYSE:ING)

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