In a report released today, Benjamin Budish from Barclays maintained a Buy rating on Intercontinental Exchange (ICE – Research Report), with a price target of $150.00. The company’s shares closed yesterday at $133.39.
Budish covers the Financial sector, focusing on stocks such as Coinbase Global, Blackstone Group, and Interactive Brokers. According to TipRanks, Budish has an average return of 6.3% and a 68.12% success rate on recommended stocks.
Currently, the analyst consensus on Intercontinental Exchange is a Strong Buy with an average price target of $153.78, representing a 15.29% upside. In a report released on May 6, KBW also assigned a Buy rating to the stock with a $155.00 price target.
The company has a one-year high of $139.97 and a one-year low of $102.33. Currently, Intercontinental Exchange has an average volume of 2.43M.
Based on the recent corporate insider activity of 128 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ICE in relation to earlier this year.
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.
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