ITG Inc. (NASDAQ:ITG) Given Consensus Recommendation of “Buy” by Analysts

ITG Inc. (NASDAQ:ITG) has been given a consensus rating of “Buy” by the ten research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $17.5556.

A number of analysts have recently commented on ITG shares. Vertical Research began coverage on ITG in a research note on Monday, July 27th. They set a “buy” rating and a $20.00 price target on the stock. KeyCorp initiated coverage on ITG in a research note on Monday, July 27th. They issued an “overweight” rating and a $17.00 price objective for the company. Truist Financial boosted their target price on shares of ITG from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Morgan Stanley decreased their price target on shares of ITG from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Finally, Robert W. Baird initiated coverage on shares of ITG in a report on Monday, July 27th. They set an “outperform” rating and a $19.00 price target on the stock.

ITG Stock Down 7.8%

Shares of NASDAQ:ITG opened at $11.66 on Tuesday. ITG has a one year low of $10.37 and a one year high of $19.26. The company has a 50 day moving average of $12.72.

ITG (NASDAQ:ITG) last announced its quarterly earnings results on Monday, June 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $333.92 million for the quarter. On average, research analysts forecast that ITG will post 0.54 earnings per share for the current fiscal year.

ITG Company Profile

Investment Technology Group, Inc (formerly NASDAQ: ITG) was a financial technology and agency brokerage company that provided execution, research and analytics services to institutional investors. The company focused on helping asset managers and other professional investors trade equities and manage transaction costs.

ITG’s offerings included electronic trading platforms, algorithmic order-execution tools, transaction-cost analysis, liquidity management and institutional brokerage services.