Shares of ING Groep NV (ING, Financial) surged 3.20% in mid-day trading on Dec 5. The stock reached an intraday high of $16.00, before settling at $15.95, up from its previous close of $15.45. This places ING 14.82% below its 52-week high of $18.72 and 24.81% above its 52-week low of $12.78. Trading volume was 511,777 shares, 26.0% of the average daily volume of 1,966,281.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for ING Groep NV (ING, Financial) is $20.24 with a high estimate of $22.50 and a low estimate of $17.30. The average target implies an upside of 26.94% from the current price of $15.95. More detailed estimate data can be found on the ING Groep NV (ING) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, ING Groep NV's (ING, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ING Groep NV (ING, Financial) in one year is $16.63, suggesting a upside of 4.3% from the current price of $15.945. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ING Groep NV (ING) Summary page.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
