More and more people are talking about ING Groep over the last few weeks. Is it worth buying the Commercial Banking stock at a price of $20.52? Only time will tell. The information below will give you a basic idea of what this investment may entail:
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ING Groep has moved 19.4% over the last year, and the S&P 500 logged a change of 9.8%
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ING has an average analyst rating of hold and is 5.8% away from its mean target price of $19.4 per share
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Its trailing earnings per share (EPS) is $2.24
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ING Groep has a trailing 12 month Price to Earnings (P/E) ratio of 9.2 while the S&P 500 average is 29.3
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Its forward earnings per share (EPS) is $2.19 and its forward P/E ratio is 9.4
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The company has a Price to Book (P/B) ratio of 1.21 in contrast to the S&P 500's average ratio of 4.74
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ING Groep is part of the Finance sector, which has an average P/E ratio of 15.92 and an average P/B of 1.78
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ING has reported YOY quarterly earnings growth of -0.7% and gross profit margins of 0.0%
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ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. The company operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. It accepts current and savings accounts, as well as time deposits. The company also offers business lending products; SME loans; consumer lending products, such as residential mortgage loans and other consumer lending loans; and mortgages. In addition, it provides working capital solutions; debt and equity market solutions; various loans; payments; and cash management, trade and corporate finance, and treasury services, as well as savings, investment, insurance, and digital banking services. The company serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.
