ING Groep NV (AMS:INGA) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of ING Groep NV (AMS:INGA) have been given an average recommendation of “Buy” by the twelve brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is €10.89 ($12.66).

Several equities analysts have recently issued reports on the stock. Barclays set a €10.30 ($11.98) price objective on shares of ING Groep and gave the company a “neutral” rating in a report on Thursday, February 6th. Credit Suisse Group set a €11.00 ($12.79) price objective on ING Groep and gave the stock a “neutral” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. set a €11.50 ($13.37) price objective on ING Groep and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Jefferies Financial Group set a €13.50 ($15.70) price objective on ING Groep and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Kepler Capital Markets set a €13.00 ($15.12) price objective on ING Groep and gave the stock a “buy” rating in a research report on Monday, January 6th.

ING Groep has a one year low of €13.52 ($15.72) and a one year 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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