Shares of ITG Inc. (NASDAQ:ITG – Get Free Report) have been assigned an average recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.5556.
Several analysts have issued reports on ITG shares. Citigroup began coverage on shares of ITG in a research note on Monday, July 27th. They set a “buy” rating and a $17.00 target price on the stock. Robert W. Baird began coverage on ITG in a research report on Monday, July 27th. They issued an “outperform” rating and a $19.00 target price for the company. Vertical Research started coverage on ITG in a research report on Monday, July 27th. They set a “buy” rating and a $20.00 price target on the stock. Morgan Stanley decreased their price objective on ITG from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Wall Street Zen upgraded ITG to a “hold” rating in a report on Sunday, July 12th.
Read Our Latest Stock Report on ITG
ITG Stock Performance
ITG (NASDAQ:ITG – Get Free Report) last released its quarterly earnings results on Monday, June 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $333.92 million for the quarter. Equities analysts predict that ITG will post 0.54 EPS for the current 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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