ING Groep (ING) Stock Rating Reaffirmed by UBS

ING Groep (NYSE:ING)‘s stock had its “buy” rating reaffirmed by stock analysts at UBS in a note issued to investors on Tuesday, www.boersen-zeitung.de reports.

A number of other research analysts have also recently weighed in on ING. ValuEngine cut ING Groep from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 3rd. Zacks Investment Research cut ING Groep from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $18.00.

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Shares of ING Groep stock opened at $16.98 on Tuesday. ING Groep has a twelve month low of $16.19 and a twelve month high of $20.58. The firm has a market capitalization of $68,389.91, a P/E ratio of 11.79, a PEG ratio of 1.44 and a beta of 1.36. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.09 and a current ratio of 1.09.

ING Groep (NYSE:ING) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $0.31 earnings per share for the quarter. ING Groep had a return on equity of 10.22% and a net margin of 27.70%. The firm had revenue of $5.14 billion for the quarter. equities research analysts predict that ING Groep will post 1.71 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of ING. We Are One Seven LLC acquired a new position in shares of ING Groep during the fourth quarter worth about $101,000. Icon Wealth Partners LLC acquired a new position in shares of ING Groep during the fourth quarter worth about $202,000. Renaissance Technologies LLC acquired a new position in shares of ING Groep during the fourth quarter worth about $222,000. Portland Investment Counsel Inc. acquired a new position in shares of ING Groep during the fourth quarter worth about $222,000. Finally, 180 Wealth Advisors LLC acquired a new position in shares of ING Groep during the fourth quarter worth about $225,000. Institutional investors own 3.23% of the company’s stock.

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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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