ITG Inc. (NASDAQ:ITG) Receives Consensus Rating of “Buy” from Analysts

Shares of ITG Inc. (NASDAQ:ITG) have been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $17.5556.

ITG has been the topic of a number of research reports. UBS Group initiated coverage on ITG in a report on Monday, July 27th. They issued a “buy” rating and a $18.00 target price on the stock. Vertical Research started coverage on ITG in a report on Monday, July 27th. They set a “buy” rating and a $20.00 price target on the stock. Citigroup started coverage on ITG in a research report on Monday, July 27th. They set a “buy” rating and a $17.00 price objective for the company. Bank of America initiated coverage on shares of ITG in a report on Monday, July 27th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Robert W. Baird began coverage on ITG in a report on Monday, July 27th. They set an “outperform” rating and a $19.00 price objective on the stock.

ITG Price Performance

Shares of NASDAQ:ITG opened at $12.94 on Monday. ITG has a one year low of $10.37 and a one year high of $19.26. The firm has a market cap of $1.57 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.