Shares of ITG Inc. (NASDAQ:ITG – Get Free Report) have earned a consensus recommendation of “Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $17.5556.
ITG has been the subject of several research reports. Citigroup began coverage on shares of ITG in a report on Monday, July 27th. They issued a “buy” rating and a $17.00 price objective for the company. Wall Street Zen cut ITG from a “buy” rating to a “hold” rating in a research note on Sunday. Bank of America assumed coverage on shares of ITG in a report on Monday, July 27th. They set a “buy” rating and a $16.00 price target on the stock. Morgan Stanley reduced their price objective on ITG from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Finally, Robert W. Baird began coverage on shares of ITG in a research note on Monday, July 27th. They set an “outperform” rating and a $19.00 target price for the company.
Check Out Our Latest Stock Report on ITG
ITG Stock Down 6.6%
ITG (NASDAQ:ITG – Get Free Report) last posted its earnings results on Monday, June 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $333.92 million during the quarter. On average, equities analysts anticipate that ITG will post 0.54 earnings per share for the current year.
ITG Company Profile
Investment Technology Group, Inc (formerly NASDAQ: ITG) was a financial technology and agency brokerage company that provided execution, research and analytics services to institutional investors. The company focused on helping asset managers and other professional investors trade equities and manage transaction costs.
ITG’s offerings included electronic trading platforms, algorithmic order-execution tools, transaction-cost analysis, liquidity management and institutional brokerage services.
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