ITG Inc. (NASDAQ:ITG – Get Free Report) has been assigned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $17.5556.
Several equities research analysts have commented on ITG shares. Truist Financial boosted their price target on shares of ITG from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley lowered their price objective on shares of ITG from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday. Wall Street Zen upgraded shares of ITG to a “hold” rating in a report on Sunday, July 12th. Vertical Research initiated coverage on shares of ITG in a report on Monday, July 27th. They set a “buy” rating and a $20.00 target price for the company. Finally, UBS Group began coverage on shares of ITG in a research report on Monday, July 27th. They issued a “buy” rating and a $18.00 price target on the stock.
ITG Price Performance
ITG (NASDAQ:ITG – Get Free Report) last posted its quarterly earnings data on Monday, June 22nd. The company reported ($0.08) EPS for the quarter. The firm had revenue of $333.92 million during the quarter. Research analysts forecast that ITG will post 0.54 EPS for the current fiscal year.
About ITG
ITG, Inc was a financial services company best known for its institutional brokerage and trading services. The firm provided execution, electronic trading, and related brokerage solutions designed to help asset managers and other institutional investors trade securities more efficiently.
The company also offered portfolio trading, agency trading, and workflow tools that supported the investment process from order generation through execution. Over time, ITG developed technology-enabled services aimed at improving trading performance, transparency, and access to liquidity across equity markets.
ITG served institutional clients in the United States and other major financial markets.
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