ITG Inc. (NASDAQ:ITG) Receives Consensus Recommendation of “Buy” from Brokerages

ITG Inc. (NASDAQ:ITG) has been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have covered the stock in the last year is $17.50.

Several equities analysts recently commented on the stock. Citigroup assumed coverage on shares of ITG in a research note on Monday. They set a “buy” rating for the company. Robert W. Baird initiated coverage on shares of ITG in a report on Monday. They issued an “outperform” rating and a $19.00 price target for the company. Morgan Stanley assumed coverage on shares of ITG in a research report on Monday. They set an “overweight” rating and a $19.00 price target for the company. Stifel Nicolaus began coverage on shares of ITG in a report on Monday. They issued a “buy” rating and a $16.00 price target on the stock. Finally, KeyCorp initiated coverage on ITG in a research note on Monday. They set an “overweight” rating and a $17.00 price objective for the company.

ITG Stock Performance

Shares of ITG stock opened at $13.46 on Monday. ITG has a 12-month low of $10.37 and a 12-month high of $19.26. The stock has a market capitalization of $1.63 billion, a PE 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.