Price Action To Observe: ING Groep NV (ADR) Can’t Burn Your Long Portfolio. Has Another Strong Session

Price Action To Observe: ING Groep NV (ADR) Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of ING Groep NV (ADR) (NYSE:ING) is a huge mover today! The stock increased 3.96% or $0.47 during the last trading session, hitting $12.34. About 4.02 million shares traded hands or 61.45% up from the average. ING Groep NV (ADR) (NYSE:ING) has risen 1.11% since February 26, 2016 and is uptrending. It has underperformed by 9.32% the S&P500.
The move comes after 7 months positive chart setup for the $47.36 billion company. It was reported on Oct, 1 by Barchart.com. We have $20.48 PT which if reached, will make NYSE:ING worth $31.26 billion more.

Analysts await ING Groep NV (ADR) (NYSE:ING) to report earnings on November, 2.

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. The firm has “Outperform” rating given on Friday, September 23 by RBC Capital Markets. The firm has “Underweight” rating by Morgan Stanley given on Thursday, March 31. The stock has “Buy” rating given by Deutsche Bank on Thursday, August 27. Kepler Cheuvreux upgraded ING Groep NV (ADR) (NYSE:ING) on Friday, February 5 to “Buy” rating. The firm has “Buy” rating given on Friday, October 9 by Natixis.

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.”

More recent ING Groep NV (ADR) (NYSE:ING) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on May 13, 2009. Also Livetradingnews.com published the news titled: “ING Groep NV (ADR) (NYSE:ING) Heffx Trading Outlook” on September 19, 2016. Businessfinancenews.com‘s news article titled: “ING Groep: Too Much From Two Factors, Q1 Earnings Review” with publication date: May 11, 2016 was also an interesting one.

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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