ING Group, N.V. with ticker code (ING) now have 2 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 18.4 and 17.6 and has a mean target at $18.00. Given that the stocks previous close was at $13.33 this is indicating there is a potential upside of 35.0%. The 50 day moving average now sits at $12.94 and the 200 moving average now moves to $11.20. The market capitalization for the company is $48,369m. Company Website: https://www.ing.com
The potential market cap would be $65,315m based on the market consensus.
ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The company accepts various deposits, such as current and savings accounts. It also offers business lending products; consumer lending products, such as residential mortgage loans, term loans, and other consumer lending loans; and secured and unsecured lending services. in addition, the company provides debt capital market, working capital solutions, export finance, daily banking, treasury and risk, and corporate finance solutions; and specialized lending, debt and equity market solutions, payments and cash management, and trade and treasury services, as well as savings, investment, insurance, mortgage, and digital banking services; and SME loans. It serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.
The company has a dividend yield of 3.85% with the ex dividend date set at 26-4-2023 (DMY).
Other points of data to note are a P/E ratio of 11.65, revenue per share of 8.13 and a 1.27% return on assets.
