Trading Report: The Morgan Stanley Reiterates €10.80 Price Target for ING Groep NV (INGA)

The Morgan Stanley Reiterates €10.80 Price Target for ING Groep NV (INGA)

ING Groep NV (AMS:INGA) received a €10.80 ($12.00) price objective from Morgan Stanley in a research note issued on Wednesday. The firm currently has a a “sell” rating on the stock.

A number of other analysts also recently commented on the stock. Deutsche Bank AG set a €13.00 ($14.44) price target on shares of ING Groep NV and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. set a €12.40 ($13.78) price target on shares of ING Groep NV and gave the stock a “buy” rating in a research report on Tuesday. Goldman Sachs Group Inc. set a €14.00 ($15.56) price target on shares of ING Groep NV and gave the stock a “buy” rating in a research report on Tuesday. Citigroup Inc. set a €11.90 ($13.22) price target on shares of ING Groep NV and gave the stock a “buy” rating in a research report on Thursday, September 29th. Finally, Independent Research GmbH set a €11.50 ($12.78) price target on shares of ING Groep NV and gave the stock a “buy” rating in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of €12.76 ($14.18).

ING Groep NV (AMS:INGA) opened at 11.02 on Wednesday. The company’s 50-day moving average is €10.94 and its 200 day moving average is €10.49. ING Groep NV has a 12-month low of €9.35 and a 12-month high of €11.59.

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