Today’s Stock On Watch: It Seems ING Groep NV (ADR) Will Go Down. Have Another Big Decline

Today's Stock On Watch: It Seems ING Groep NV (ADR) Will Go Down. Have Another Big Decline

The stock of ING Groep NV (ADR) (NYSE:ING) is a huge mover today! About 3.44M shares traded hands or 9.90% up from the average. ING Groep NV (ADR) (NYSE:ING) has risen 14.22% since April 14, 2016 and is uptrending. It has outperformed by 9.53% the S&P500.
The move comes after 8 months negative chart setup for the $53.52 billion company. It was reported on Nov, 16 by Barchart.com. We have $13.02 PT which if reached, will make NYSE:ING worth $2.68B less.

ING Groep NV (ADR) (NYSE:ING) Ratings Coverage

Out of 5 analysts covering ING Groep N.V. (NYSE:ING), 4 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 80% are positive. ING Groep N.V. has been the topic of 5 analyst reports since August 27, 2015 according to StockzIntelligence Inc. Morgan Stanley downgraded the shares of ING in a report on Thursday, March 31 to “Underweight” rating. The firm earned “Outperform” rating on Friday, September 23 by RBC Capital Markets. Kepler Cheuvreux upgraded the shares of ING in a report on Friday, February 5 to “Buy” rating. The rating was initiated by Natixis on Friday, October 9 with “Buy”. The stock has “Buy” rating given by Deutsche Bank on Thursday, August 27.

According to Zacks Investment Research, “ING GROEP-ADR is a global financial institution of Dutch origin offering banking, insurance and asset management to over 50 million private, corporate and institutional clients in 65 countries. ING can fully deliver what today’s clients expect: unlimited access, maximum convenience, immediate and accurate execution, personal advice, tailor-made solutions and competitive rates.”

Another recent and important ING Groep NV (ADR) (NYSE:ING) news was published by Marketwatch.com which published an article titled: “Virtual Stock Exchange” on May 13, 2009.

ING Company Profile

ING Groep N.V. (ING), incorporated on January 21, 1991, is a financial institution. The Firm offers banking services. The Company’s divisions 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. The Company’s Retail Banking business lines provide services and products to individuals, small and medium-sized enterprises (SMEs) and mid-corporates.

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