It is a great company and has been very innovative. It sold off many assets during 2008, is well run, and should continue well. It is primarily a retail and commercial bank. There are other opportunities in Europe but don't sell this one.
Pure retail bank in the Netherlands, Germany, and Belgium. In a mess after the financial crisis. Over-capitalized, extremely well run, boring, profitable. Buying back shares. Best-run European bank. Yield is 5.5%.
(Analysts’ price target is $18.33)ING Groep NV is a American stock, trading under the symbol ING-N on the New York Stock Exchange (ING). It is usually referred to as NYSE:ING or ING-N
In the last year, 4 stock analysts published opinions about ING-N. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for ING Groep NV.
ING Groep NV was recommended as a Top Pick by on . Read the latest stock experts ratings for ING Groep NV.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered ING Groep NV In the last year. It is a trending stock that is worth watching.
On 2023-09-28, ING Groep NV (ING-N) stock closed at a price of $13.22.
We reiterate ING as a TOP PICK. Their share buyback program has achieved almost 90% of its target. It trades at 8x earnings, under book value and supports a ROE of 14% (good for a bank). It pays a nice dividend, backed by a payout ratio under 35% of cash flow. It has been prudently using some cash reserves to aggressively retire debt and buy back shares. We continue to recommend a stop at $12.50, looking to achieve $19 -- upside potential of 35%. Yield 5.3%
(Analysts’ price target is $19.62)