ING Groep (AMS:INGA) received a €18.30 ($21.79) price target from research analysts at UBS Group in a report issued on Friday, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 11.25% from the company’s previous close.
Several other equities analysts also recently weighed in on the stock. Goldman Sachs Group set a €18.00 ($21.43) price target on shares of ING Groep and gave the stock a “buy” rating in a research note on Friday, November 3rd. JPMorgan Chase & Co. set a €17.90 ($21.31) target price on shares of ING Groep and gave the stock a “buy” rating in a research note on Friday, November 3rd. Royal Bank of Canada set a €17.50 ($20.83) target price on shares of ING Groep and gave the stock a “buy” rating in a research note on Monday, December 18th. Deutsche Bank set a €17.00 ($20.24) target price on shares of ING Groep and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Morgan Stanley set a €15.00 ($17.86) target price on shares of ING Groep and gave the stock a “sell” rating in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. ING Groep currently has an average rating of “Buy” and a consensus target price of €16.84 ($20.05).
ING Groep (INGA) remained flat at $€16.45 ($19.58) during trading hours on Friday. The stock had a trading volume of 14,250,000 shares, compared to its average volume of 14,260,000. The stock has a market capitalization of $63,920.00 and a PE ratio of 13.82. ING Groep has a twelve month low of €12.81 ($15.25) and a twelve month high of €16.69 ($19.87).
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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.
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