Stifel Nicolaus Begins Coverage on ITG (NASDAQ:ITG)

Equities researchers at Stifel Nicolaus initiated coverage on shares of ITG (NASDAQ:ITG) in a research report issued on Monday, MarketBeat reports. The firm set a “buy” rating and a $16.00 price target on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 18.87% from the company’s current price.

Several other brokerages also recently issued reports on ITG. Robert W. Baird assumed coverage on ITG in a research report on Monday. They issued an “outperform” rating and a $19.00 price objective for the company. Morgan Stanley started coverage on ITG in a research note on Monday. They issued an “overweight” rating and a $19.00 target price for the company. UBS Group assumed coverage on ITG in a report on Monday. They issued a “buy” rating and a $18.00 price target for the company. KeyCorp began coverage on shares of ITG in a report on Monday. They set an “overweight” rating and a $17.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of ITG to a “hold” rating in a research report on Sunday, July 12th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $17.50.

ITG Price Performance

NASDAQ:ITG opened at $13.46 on Monday. The company has a market capitalization of $1.63 billion, a PE ratio of -699.00 and a beta of 0.69. ITG has a 1 year low of $10.37 and a 1 year 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.