ING Groep NV (INGA) Given Average Rating of “Buy” by Brokerages

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ING Groep NV (AMS:INGA) has been assigned a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is €14.07 ($16.36).

A number of brokerages have recently weighed in on INGA. UBS Group set a €14.80 ($17.21) target price on ING Groep and gave the company a “buy” rating in a research note on Wednesday, January 9th. Jefferies Financial Group set a €17.10 ($19.88) target price on ING Groep and gave the company a “buy” rating in a research note on Friday, November 30th. Goldman Sachs Group set a €15.50 ($18.02) target price on ING Groep and gave the company a “buy” rating in a research note on Friday, February 1st. Deutsche Bank set a €14.00 ($16.28) target price on ING Groep and gave the company a “buy” rating in a research note on Thursday, January 17th. Finally, Kepler Capital Markets set a €13.30 ($15.47) target price on ING Groep and gave the company a “buy” rating in a research note on Friday, February 8th.

ING Groep has a twelve month low of €13.52 ($15.72) and a twelve month high of €16.69 ($19.41).

About ING Groep

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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Analyst Recommendations for ING Groep (AMS:INGA)

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