ITG (NASDAQ:ITG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ITG (NASDAQ:ITG) from a hold rating to a buy rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other research firms also recently commented on ITG. Truist Financial upped their price objective on ITG from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Citigroup began coverage on ITG in a research report on Monday, July 27th. They issued a “buy” rating and a $17.00 target price for the company. Robert W. Baird started coverage on ITG in a research note on Monday, July 27th. They issued an “outperform” rating and a $19.00 target price on the stock. Morgan Stanley cut their price target on ITG from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Finally, Vertical Research assumed coverage on ITG in a report on Monday, July 27th. They issued a “buy” rating and a $20.00 price objective for the company. One 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 stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $17.56.

ITG Stock Performance

NASDAQ ITG opened at $13.11 on Friday. The business’s fifty day simple moving average is $12.85. ITG has a one year low of $10.37 and a one year high of $19.26.

ITG (NASDAQ:ITG) last posted its quarterly earnings data on Monday, June 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $333.92 million for the quarter. As a group, sell-side analysts forecast that ITG will post 0.54 EPS for the current fiscal 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.