Recent exceptional positive changes in investment behavior have benefitted ING Groep NV (NYSE: ING): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
ING Groep NV (NYSE: ING) has benefited from significant positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2023 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ING is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
ING Groep has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ING Groep has a good Power Rating of 78 and a good Appreciation Score of 80, triggering the Highest Value Trend Rating.
Recent Price Action
ING Groep NV (NYSE: ING) stock closed at $13.83 on 11/22/23 after a modest decline of -0.4%. Relative to the market the stock has been strong over the last nine months and has risen 2.1% during the last week.
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