Wall Street Zen upgraded shares of ITG (NASDAQ:ITG – Free Report) from a hold rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.
ITG has been the topic of several other research reports. Morgan Stanley reduced their price target on shares of ITG from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Zacks Research upgraded ITG to a “hold” rating in a research note on Tuesday, July 28th. UBS Group started coverage on ITG in a report on Monday, July 27th. They issued a “buy” rating and a $18.00 target price on the stock. Citigroup initiated coverage on ITG in a research note on Monday, July 27th. They issued a “buy” rating and a $17.00 price target on the stock. Finally, Bank of America began coverage on ITG in a report on Monday, July 27th. They set a “buy” rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $17.56.
ITG Price Performance
ITG (NASDAQ:ITG – Get Free Report) last released its earnings results on Monday, June 22nd. The company reported ($0.08) EPS for the quarter. The business had revenue of $333.92 million for the quarter. As a group, analysts anticipate 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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