ING Groep NV (ING) Given Consensus Rating of “Buy” by Analysts

ING Groep NV (NYSE:ING) has been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.00.

Several research firms recently commented on ING. Zacks Investment Research upgraded shares of ING Groep from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, February 9th. ValuEngine upgraded shares of ING Groep from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. UBS Group restated a “buy” rating on shares of ING Groep in a report on Monday, December 11th. Finally, Goldman Sachs Group restated a “buy” rating on shares of ING Groep in a report on Wednesday, December 6th.

Shares of ING Groep (NYSE:ING) opened at $18.19 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.05. The company has a market cap of $71,043.13, a P/E ratio of 12.90, a P/E/G ratio of 1.43 and a beta of 1.20. ING Groep has a fifty-two week low of $13.63 and a fifty-two week high of $20.58.

A number of institutional investors and hedge funds have recently modified their holdings of ING. Zions Bancorporation raised its position in ING Groep by 1,021.8% during the third quarter. Zions Bancorporation now owns 7,011 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 6,386 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new position in ING Groep during the third quarter valued at approximately $156,000. Diligent Investors LLC bought a new position in ING Groep during the third quarter valued at approximately $190,000. Cambridge Investment Research Advisors Inc. bought a new position in ING Groep during the third quarter valued at approximately $190,000. Finally, Icon Wealth Partners LLC bought a new position in ING Groep during the fourth quarter valued at approximately $202,000. 3.03% of the stock is currently owned by hedge funds and other institutional investors.

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ING Groep Company Profile

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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