ITG (NASDAQ:ITG) Raised to “Strong-Buy” at Robert W. Baird

ITG (NASDAQ:ITG) was upgraded by investment analysts at Robert W. Baird to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on ITG. Bank of America assumed coverage on shares of ITG in a research note on Monday. They set a “buy” rating and a $16.00 target price for the company. Stifel Nicolaus started coverage on ITG in a report on Monday. They set a “buy” rating and a $16.00 price objective for the company. Wall Street Zen raised ITG to a “hold” rating in a research report on Sunday, July 12th. Citigroup assumed coverage on ITG in a research note on Monday. They issued a “buy” rating and a $17.00 target price on the stock. Finally, Vertical Research started coverage on ITG in a research report on Monday. They issued a “buy” rating and a $20.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat.com, ITG currently has an average rating of “Buy” and a consensus target price of $17.56.

ITG Trading Down 3.0%

Shares of ITG opened at $13.05 on Monday. The company has a market cap of $1.58 billion, a P/E ratio of -699.00 and a beta of 0.69. ITG has a 52 week low of $10.37 and a 52 week high of $19.26.

ITG Company Profile

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.