ING Group N.V. (ING) : Analyst Rating Update

ING Group N.V. (ING) : 2 analysts are covering ING Group N.V. (ING) and their average rating on the stock is 2.65, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock.

ING Group N.V. (NYSE:ING): The stock opened at $9.45 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.59 for the day. The stock traded down to $9.30 during the day, due to lack of any buying support eventually closed down at $9.59 with a loss of -0.93% for the day. The stock had closed at $9.68 on the previous day. The total traded volume was 6,552,127 shares.

The company shares have dropped -37.31% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $17.38 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $11.53 and the 200 Day Moving Average price is recorded at $12.00.

ING Groep N.V. (ING) is a financial services company active in banking, investments, life and nonlife insurance and retirement services. The Companys segments include: Retail Netherlands, Retail Belgium, Retail Germany and Retail Rest of World, which offer current and savings accounts, business lending, mortgages and other consumer lending, and Commercial Banking, which offers wholesale banking (a full range of products from cash management to corporate finance), real estate and lease. The Company provides a range of products and services to support its customers needs. The Company offers retail banking services to individuals, SMEs (small and medium sized enterprises) and mid-corporates in Europe, Asia and Australia. The Company operates Qustomer SPRL as a wholly owned subsidiary.

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