Barclays lifts ING Groep N.V. [ING] price estimate. Who else is bullish?

ING Groep N.V. [NYSE: ING] stock went on a downward path that fall over -0.86% on Wednesday, amounting to a one-week price increase of more than 8.82%. The company report on September 15, 2022 that ING makes climate progress, calls for collaborative effort.


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ING makes climate progress, calls for collaborative effort.

ING today published its annual Climate Report, giving an overview of the progress we are making in climate action. The report provides details on our integrated approach to climate action and outlines how our financing impacts climate change; including steering our loan book towards global net-zero 1.5 degree climate goals, providing green financing and advice to clients and reaching net zero in our own operations. It also addresses how climate change impacts our business, as we work to assess the risks in our portfolio and take action to mitigate them.

Over the last 12 months, ING stock dropped by -37.40%. The one-year ING Groep N.V. stock forecast points to a potential upside of 39.94. The average equity rating for ING stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $34.43 billion, with 3.77 billion shares outstanding and 3.75 billion shares in the current float. Compared to the average trading volume of 4.96M shares, ING stock reached a trading volume of 3526671 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on ING Groep N.V. [ING]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ING shares is $15.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ING stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for ING Groep N.V. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on March 23, 2022. The new note on the price target was released on December 02, 2021, representing the official price target for ING Groep N.V. stock.

The Average True Range (ATR) for ING Groep N.V. is set at 0.30, with the Price to Sales ratio for ING stock in the period of the last 12 months amounting to 1.59. The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 75.73.

ING Stock Performance Analysis:

ING Groep N.V. [ING] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.82. With this latest performance, ING shares dropped by -4.74% in over the last four-week period, additionally sinking by -9.39% over the last 6 months – not to mention a drop of -37.40% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ING stock in for the last two-week period is set at 55.02, with the RSI for the last a single of trading hit 59.22, and the three-weeks RSI is set at 52.63 for ING Groep N.V. [ING]. The present Moving Average for the last 50 days of trading for this stock 9.10, while it was recorded at 9.12 for the last single week of trading, and 10.68 for the last 200 days.

ING Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ING. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ING Groep N.V. go to 13.30%.

ING Groep N.V. [ING] Insider Position Details

There are presently around $1,585 million, or 4.50% of ING stock, in the hands of institutional investors. The top three institutional holders of ING stocks are: FISHER ASSET MANAGEMENT, LLC with ownership of 56,078,825, which is approximately 8.457% of the company’s market cap and around 1.00% of the total institutional ownership; MUFG SECURITIES EMEA PLC, holding 11,680,100 shares of the stock with an approximate value of $108.04 million in ING stocks shares; and GOLDMAN SACHS GROUP INC, currently with $72.62 million in ING stock with ownership of nearly 27.085% of the company’s market capitalization.

173 institutional holders increased their position in ING Groep N.V. [NYSE:ING] by around 38,767,647 shares. Additionally, 138 investors decreased positions by around 14,956,471 shares, while 44 investors held positions by with 117,627,094 shares. The mentioned changes placed institutional holdings at 171,351,212 shares, according to the latest SEC report filing. ING stock had 51 new institutional investments in for a total of 13,725,869 shares, while 52 institutional investors sold positions of 6,642,560 shares during the same period.

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