Stifel Nicolaus Initiates Coverage on ITG (NASDAQ:ITG)

Equities research analysts at Stifel Nicolaus began coverage on shares of ITG (NASDAQ:ITG) in a research note issued on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $16.00 price target on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 18.87% from the company’s previous close.

ITG has been the topic of a number of other reports. KeyCorp assumed coverage on ITG in a research report on Monday. They set an “overweight” rating and a $17.00 target price on the stock. Morgan Stanley assumed coverage on ITG in a report on Monday. They set an “overweight” rating and a $19.00 price objective on the stock. Truist Financial started coverage on ITG in a research note on Monday. They issued a “buy” rating and a $16.00 target price for the company. UBS Group initiated coverage on ITG in a research report on Monday. They issued a “buy” rating and a $18.00 target price for the company. Finally, Robert W. Baird started coverage on shares of ITG in a report on Monday. They issued an “outperform” rating and a $19.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $17.50.

ITG Stock Performance

NASDAQ ITG opened at $13.46 on Monday. ITG has a 52-week low of $10.37 and a 52-week high of $19.26. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -699.00 and a beta of 0.69.

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.