In a report released today, Patrick Moley from Piper Sandler assigned a Buy rating to Intercontinental Exchange (ICE – Research Report), with a price target of $149.00. The company’s shares closed last Friday at $135.49.
Moley covers the Financial sector, focusing on stocks such as Cboe Global Markets, Intercontinental Exchange, and CME Group. According to TipRanks, Moley has an average return of 13.6% and an 80.65% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intercontinental Exchange with a $149.00 average price target, implying a 9.97% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $153.00 price target.
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ICE market cap is currently $77.58B and has a P/E ratio of 32.33.
Based on the recent corporate insider activity of 127 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ICE in relation to earlier this year. Last month, Benjamin Jackson, the President of ICE bought 2,560.00 shares for a total of $106,470.40.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Intercontinental Exchange (ICE) Company Description:
Founded in 2000, Georgia-based Intercontinental Exchange, Inc. engages in the management of online marketplaces. It operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.
Read More on ICE:
- Opening Day: Gilead-backed Kyverna overshoots raised IPO expectations
- IntercontinentalExchange price target raised to $164 from $154 at Rosenblatt
- IntercontinentalExchange price target raised to $150 from $140 at Deutsche Bank
- IntercontinentalExchange reports Q4 EPS $1.33, consensus $1.29
- IntercontinentalExchange increases quarterly dividend 7% to 45c per share
