ING Groep (NYSE:ING) Stock Rating Reaffirmed by UBS Group
UBS Group restated their buy rating on shares of ING Groep (NYSE:ING) in a research note released on Wednesday morning, The Fly reports.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut ING Groep from a hold rating to a sell rating in a report on Wednesday. Credit Suisse Group upgraded ING Groep from a neutral rating to an outperform rating in a report on Tuesday, September 8th. Royal Bank of Canada restated an outperform rating on shares of ING Groep in a report on Friday, August 7th. Berenberg Bank restated a buy rating on shares of ING Groep in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft restated a buy rating on shares of ING Groep in a report on Friday, August 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $7.88.
NYSE ING opened at $7.37 on Wednesday. The stock has a market cap of $28.72 billion, a PE ratio of 7.92, a P/E/G ratio of 2.08 and a beta of 1.65. The company has a current ratio of 0.96, a quick ratio of 1.13 and a debt-to-equity ratio of 2.32. ING Groep has a twelve month low of $4.52 and a twelve month high of $12.44. The stock has a fifty day simple moving average of $7.74 and a 200-day simple moving average of $6.88.
Large investors have recently made changes to their positions in the business. AdvisorNet Financial Inc increased its position in shares of ING Groep by 96.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 5,743 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 2,817 shares during the last quarter. Tudor Investment Corp Et Al purchased a new stake in shares of ING Groep in the 1st quarter valued at approximately $63,000. Cornerstone Advisors Inc. increased its position in shares of ING Groep by 33.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 9,850 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 2,461 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of ING Groep in the 2nd quarter valued at approximately $70,000. Finally, Cedar Brook Financial Partners LLC purchased a new stake in shares of ING Groep in the 2nd quarter valued at approximately $70,000. 3.73% of the stock is currently owned by institutional investors.
ING Groep Company Profile
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.
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