ITG (NASDAQ:ITG) Raised to “Strong-Buy” at Robert W. Baird

ITG (NASDAQ:ITG) was upgraded by research analysts at Robert W. Baird to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also recently weighed in on ITG. UBS Group initiated coverage on ITG in a research note on Monday. They issued a “buy” rating and a $18.00 price target on the stock. Truist Financial started coverage on shares of ITG in a research note on Monday. They set a “buy” rating and a $16.00 price objective for the company. Wall Street Zen upgraded shares of ITG to a “hold” rating in a report on Sunday, July 12th. Citigroup began coverage on shares of ITG in a research report on Monday. They issued a “buy” rating and a $17.00 target price on the stock. Finally, Stifel Nicolaus initiated coverage on shares of ITG in a report on Monday. They set a “buy” rating and a $16.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat.com, ITG presently has a consensus rating of “Buy” and a consensus target price of $17.56.

ITG Trading Down 3.0%

Shares of ITG stock opened at $13.05 on Monday. The firm has a market cap of $1.58 billion, a PE ratio of -699.00 and a beta of 0.69. ITG has a 12-month low of $10.37 and a 12-month high of $19.26.

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.