Shares of ING Group N.V. (NYSE:ING) traded today at $15.20, eclipsing its 52-week high. This new high was reached on below average trading volume as 1.6 million shares traded hands, while the average 30-day volume is approximately 3.2 million shares.
Based on a current price of $15.13, ING Group N.V. is currently 40.5% above its average consensus analyst price target of $9.00.
ING Group N.V. share prices have moved between a 52-week high of $15.20 and a 52-week low of $6.63 and are now trading 128% above that low price at $15.13 per share.
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.
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