ITG (NASDAQ:ITG) Upgraded at UBS Group

ITG (NASDAQ:ITG) was upgraded by stock analysts at UBS Group to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

ITG has been the subject of several other reports. Morgan Stanley started coverage on shares of ITG in a report on Monday. They issued an “overweight” rating and a $19.00 price objective for the company. Vertical Research started coverage on shares of ITG in a research report on Monday. They set a “buy” rating and a $20.00 price target for the company. Robert W. Baird started coverage on ITG in a research report on Monday. They issued an “outperform” rating and a $19.00 price objective on the stock. Citigroup initiated coverage on ITG in a research note on Monday. They set a “buy” rating and a $17.00 price objective for the company. Finally, Stifel Nicolaus initiated coverage on ITG in a research report on Monday. They set a “buy” rating and a $16.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $17.56.

ITG Price Performance

Shares of ITG stock opened at $13.05 on Monday. The stock has a market capitalization of $1.58 billion, a PE ratio of -699.00 and a beta of 0.69. ITG has a one year low of $10.37 and a one year high of $19.26.

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.