ITG (NASDAQ:ITG – Get Free Report) was upgraded by analysts at UBS Group to a “strong-buy” rating in a report released on Monday,Zacks.com reports.
A number of other research analysts have also recently commented on ITG. Vertical Research started coverage on ITG in a research note on Monday. They issued a “buy” rating and a $20.00 target price for the company. Robert W. Baird assumed coverage on ITG in a research note on Monday. They issued an “outperform” rating and a $19.00 price target on the stock. Stifel Nicolaus initiated coverage on ITG in a report on Monday. They issued a “buy” rating and a $16.00 price objective for the company. KeyCorp began coverage on shares of ITG in a research report on Monday. They issued an “overweight” rating and a $17.00 target price on the stock. Finally, Bank of America started coverage on shares of ITG in a research note on Monday. They issued a “buy” rating and a $16.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $17.56.
Check Out Our Latest Analysis on ITG
ITG Stock Down 3.0%
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.
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