The Macquarie Analysts Give ING Groep NV (INGA) a €15.50 Price Target

The Macquarie Analysts Give ING Groep NV (INGA) a €15.50 Price Target

Macquarie set a €15.50 ($16.49) price target on ING Groep NV (AMS:INGA) in a research report report published on Friday morning. The brokerage currently has a buy rating on the stock.

INGA has been the subject of a number of other reports. J P Morgan Chase & Co set a €12.40 ($13.19) price target on ING Groep NV and gave the company a buy rating in a research report on Tuesday, October 25th. Deutsche Bank AG set a €13.00 ($13.83) price target on ING Groep NV and gave the company a buy rating in a research report on Thursday, October 20th. Morgan Stanley set a €11.00 ($11.70) price target on ING Groep NV and gave the company a sell rating in a research report on Thursday, October 20th. Citigroup Inc. set a €12.25 ($13.03) price target on ING Groep NV and gave the company a buy rating in a research report on Thursday, October 6th. Finally, BNP Paribas set a €11.80 ($12.55) price target on ING Groep NV and gave the company a neutral rating in a research report on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. ING Groep NV presently has a consensus rating of Buy and a consensus target price of €13.56 ($14.42).

Shares of ING Groep NV (AMS:INGA) opened at 13.31 on Friday. ING Groep NV has a 12-month low of €9.35 and a 12-month high of €14.05. The firm has a market cap of €51.61 billion and a P/E ratio of 11.01. The stock’s 50 day moving average price is €13.49 and its 200-day moving average price is €11.68.

ING Groep NV 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 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 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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