Weekly Performance Analysis for ING Groep N.V. (ING)

ING Groep N.V. (NYSE:ING) saw an upside of 0.07% to close Monday at $14.66 after adding $0.01 on the day. The 5-day average trading volume is 3,252,480 shares of the company’s common stock. It has gained $14.87 in the past week. An average of 3,507,175 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,419,224.

ING’s 1-month performance is 7.16% or $0.98 on its low of $13.05 reached on 09/20/21. The company’s shares have touched a 52-week low of $6.63 and high of $14.77, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, ING has achieved 55.30% or $5.22. However, the current price is down -0.78%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 14.54 and a low of 8.040. ING stock has a beta of 1.91. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.30 while the price-to-book (PB) in the most recent quarter is 0.88.

ING Groep N.V. pays an annual dividend of $0.60 per share. Its dividend yield is 4.09%. ING paid $0.4780 a share compared with prior rate of $0.1236, up 74.14% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.3544 reported on Thursday September 23 2021.

It is projected that ING Groep N.V.’s next ex-dividend date will be on 8-Apr. ING is expected to distribute $0.40 as its next dividend.

Earnings Surprise

ING stock balance sheet for the recent quarter shows that, with total debt at $193.77 billion

Technical Picture

Let’s look briefly at ING Groep N.V. (ING) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 62.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.86%.

The stock’s 5-day moving average is $14.55, reflecting a +3.97% or $0.56 change from its current price. ING is currently trading +5.09% above its 20-day SMA, +9.98% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +14.53% and +53.35% respectively.

Stochastic %K and %D was 87.59% and 85.45% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 60.61%, while the 14-day stochastic is at 85.21% with the period’s ATR at 0.31. The stock’s 9-day MACD Oscillator is pointing at 0.09 and 0.25 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for ING Groep N.V. (NYSE: ING), Barclays downgraded it to an Underweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for ING stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ING as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 15 have offered a “buy” rating.

What is ING’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.40 and a high of $17.20, with their median price target at $16.18. Looking at these predictions, the average price target given by analysts is for ING Groep N.V. (ING) stock is $15.33.


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