ITG (NASDAQ:ITG) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of ITG (NASDAQ:ITG) from a buy rating to a hold rating in a report released on Sunday,Wall Street Zen reports.

Other research analysts have also recently issued reports about the stock. Zacks Research raised shares of ITG to a “hold” rating in a research note on Tuesday, July 28th. Robert W. Baird started coverage on ITG in a research note on Monday, July 27th. They set an “outperform” rating and a $19.00 target price for the company. KeyCorp began coverage on ITG in a report on Monday, July 27th. They issued an “overweight” rating and a $17.00 target price on the stock. UBS Group assumed coverage on ITG in a research note on Monday, July 27th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Stifel Nicolaus began coverage on ITG in a report on Monday, July 27th. They set a “buy” rating and a $16.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $17.56.

ITG Stock Performance

Shares of ITG stock opened at $13.71 on Friday. ITG has a 12-month low of $10.37 and a 12-month high of $19.26. The business’s 50-day moving average price is $12.90.

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

About ITG

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.