Shares of ING Group N.V. (NYSE:ING) traded today at $13.89, eclipsing its 52-week high. So far today approximately 3.6 million shares have been exchanged, as compared to an average 30-day volume of 5.3 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, shares of ING Group N.V. have traded between a low of $6.08 and a high of $13.89 and is now at $13.87, which is 128% above that low price.
Potential upside of 18.6% exists for ING Group N.V., based on a current level of $13.87 and analysts' average consensus price target of $16.45.
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