ITG (NASDAQ:ITG) Raised to “Buy” at Wall Street Zen

ITG (NASDAQ:ITG) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

ITG has been the topic of several other reports. Truist Financial boosted their price objective on shares of ITG from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Bank of America began coverage on shares of ITG in a report on Monday, July 27th. They issued a “buy” rating and a $16.00 price target on the stock. 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. KeyCorp began coverage on ITG in a report on Monday, July 27th. They set an “overweight” rating and a $17.00 target price on the stock. Finally, Morgan Stanley dropped their price target on ITG from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $17.56.

ITG Price Performance

NASDAQ ITG opened at $13.11 on Friday. The company has a 50 day moving average price of $12.84. ITG has a 1-year low of $10.37 and a 1-year high of $19.26.

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

ITG Company Profile

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.