Stock of the Day: Could ING Groep NV (ADR) Rise Even More? The Stock Had Another Big Increase Today

Stock of the Day: Could ING Groep NV (ADR) Rise Even More? The Stock Had Another Big Increase Today

The stock of ING Groep NV (ADR) (NYSE:ING) is a huge mover today! About 956,545 shares traded hands. ING Groep NV (ADR) (NYSE:ING) has risen 2.13% since March 8, 2016 and is uptrending. It has underperformed by 7.19% the S&P500.
The move comes after 9 months positive chart setup for the $48.35 billion company. It was reported on Oct, 11 by Barchart.com. We have $19.89 PT which if reached, will make NYSE:ING worth $29.01B 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. RBC Capital Markets upgraded the stock to “Outperform” rating in Friday, September 23 report. The stock of ING Groep NV (ADR) (NYSE:ING) earned “Underweight” rating by Morgan Stanley on Thursday, March 31. The rating was upgraded by Kepler Cheuvreux to “Buy” on Friday, February 5. As per Thursday, August 27, the company rating was upgraded by Deutsche Bank. The firm has “Buy” rating by Natixis given on Friday, October 9.

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: “/quotes/zigman/3870025/realtime” on May 13, 2009. Also Businessfinancenews.com published the news titled: “ING Groep: Too Much From Two Factors, Q1 Earnings Review” on May 11, 2016. Livetradingnews.com‘s news article titled: “ING Groep NV (ADR) (NYSE:ING) Heffx Trading Outlook” with publication date: September 19, 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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