Watch for Continued Gains in Shares of ING Group N.V. (ING)

September 29, 2021 10:53:07

Shares of ING Group N.V. (NYSE:ING) traded at a new 52-week high today of $14.73. So far today approximately 1.6 million shares have been exchanged, as compared to an average 30-day volume of 3 million shares.

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support–a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.

In the past 52 weeks, ING Group N.V. share prices are bracketed by a low of $6.63 and a high of $14.73 and are now at $14.71, 122% above that low price.

ING Group N.V. is currently priced 38.8% above its average consensus analyst price target of $9.00.

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