ITG (NASDAQ:ITG) Stock Rating Lowered by Wall Street Zen

ITG (NASDAQ:ITG) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday, Wall Street Zen reports.

Several other research analysts have also recently commented on ITG. KeyCorp assumed coverage on shares of ITG in a report on Monday, July 27th. They set an “overweight” rating and a $17.00 price target for the company. Stifel Nicolaus assumed coverage on shares of ITG in a research note on Monday, July 27th. They set a “buy” rating and a $16.00 target price for the company. Morgan Stanley cut their price target on ITG from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Zacks Research raised ITG to a “hold” rating in a report on Tuesday, July 28th. Finally, Citigroup started coverage on ITG in a research report on Monday, July 27th. They set a “buy” rating and a $17.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $17.56.

ITG Price Performance

Shares of ITG stock opened at $12.81 on Friday. The firm has a 50 day simple moving average of $12.86. ITG has a 52 week low of $10.37 and a 52 week high of $19.26.

ITG (NASDAQ:ITG) last announced its quarterly earnings data on Monday, June 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $333.92 million during the quarter. As a group, equities analysts forecast 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.