Barclays analyst Flora Bocahut has updated the price target for ING Groep (ING, Financial), increasing it slightly from EUR 17.60 to EUR 17.90. Despite this adjustment, the firm's Equal Weight rating on the bank's shares remains unchanged.
This updated target reflects a modestly improved outlook for the banking giant, suggesting confidence in its near-term performance while maintaining a neutral stance on its market position.
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 $20.62 with a high estimate of $22.50 and a low estimate of $17.30. The average target implies an upside of 10.82% from the current price of $18.61. More detailed estimate data can be found on the ING Groep NV (ING) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, ING Groep NV's (ING, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" 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 $16.66, suggesting a downside of 10.45% from the current price of $18.605. 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.
