Berenberg Bank Thinks ING Group NV’s Stock is Going to Recover


In a report issued on August 5, Andrew Lowe from Berenberg Bank maintained a Buy rating on ING Group NV (ING), with a price target of $14. The company’s shares opened today at $10.10, close to its 52-week low of $9.93.

According to TipRanks.com, Lowe is ranked #4457 out of 5226 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ING Group NV with a $13.69 average price target.

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ING Group NV’s market cap is currently $39.38B and has a P/E ratio of 7.50. The company has a Price to Book ratio of 0.66.

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ING Groep NV engages in the provision of banking, investments, life and non-life insurance, and retirement and asset management services. It operates through the following five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other and Wholesale Banking.

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