ING Groep ( (ING) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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ING Groep shares came under pressure as investors weighed fresh analyst commentary and adjusted their expectations for future returns. The stock’s slide reflects a more cautious mood in the market, even as some on the Street are turning less negative on the name.
Keefe Bruyette analyst Hari Sivakumaran moved his rating on ING Groep up to Market Perform from Underperform. He also raised his view on the bank’s potential by setting a new price target of €26, signaling that downside may now be more limited.
More about ING Groep
YTD Price Performance: -7.47%
Average Trading Volume: 2,932,392
Technical Sentiment Signal: Buy
Current Market Cap: $73.16B
For further insights into ING stock on TipRanks’ Stock Analysis page.
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