HSBC set a €10.00 ($11.63) price target on ING Groep (AMS:INGA) in a research report sent to investors on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other research analysts have also recently issued reports on the stock. Barclays set a €10.30 ($11.98) target price on shares of ING Groep and gave the company a sell rating in a report on Tuesday, September 3rd. Deutsche Bank reaffirmed a buy rating on shares of ING Groep in a report on Friday, August 2nd. UBS Group set a €12.30 ($14.30) target price on shares of ING Groep and gave the company a buy rating in a report on Thursday, August 1st. Goldman Sachs Group set a €14.50 ($16.86) price objective on shares of ING Groep and gave the stock a buy rating in a research note on Thursday, July 11th. Finally, Berenberg Bank set a €14.00 ($16.28) price objective on shares of ING Groep and gave the stock a buy rating in a research note on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of €12.92 ($15.02).
ING Groep has a 1-year low of €13.52 ($15.72) and a 1-year high of €16.69 ($19.41).
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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