ITG Inc. (NASDAQ:ITG) Receives Average Rating of “Buy” from Brokerages

Shares of ITG Inc. (NASDAQ:ITG) have received an average recommendation of “Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $17.5556.

ITG has been the topic of several research analyst reports. KeyCorp began coverage on ITG in a research report on Monday, July 27th. They issued an “overweight” rating and a $17.00 price objective on the stock. Citigroup initiated coverage on shares of ITG in a research note on Monday, July 27th. They issued a “buy” rating and a $17.00 price objective for the company. Stifel Nicolaus assumed coverage on ITG in a research report on Monday, July 27th. They set a “buy” rating and a $16.00 price target on the stock. Bank of America started coverage on ITG in a research report on Monday, July 27th. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Zacks Research raised shares of ITG to a “hold” rating in a research note on Tuesday, July 28th.

ITG Price Performance

Shares of ITG stock opened at $12.81 on Tuesday. The firm has a 50-day moving average price of $12.86. ITG has a one year low of $10.37 and a one year high of $19.26.

ITG (NASDAQ:ITG) last released its quarterly earnings results on Monday, June 22nd. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $333.92 million for the quarter. On average, equities research analysts anticipate that ITG will post 0.54 earnings per share for the current fiscal year.

About ITG

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.