Intercontinental Exchange Inc (ICE) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 282

Intercontinental Exchange Inc (ICE) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 282 from a previous price target of $255 . RBC Capital Mkts advised their investors in a research report released on Aug 4, 2016.

Many Wall Street Analysts have commented on Intercontinental Exchange Inc. Company shares were Reiterated by Deutsche Bank on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 304 from a previous price target of $295 .Intercontinental Exchange Inc was Resumed by JP Morgan to “Neutral” on Jun 1, 2016. Sterne Agee CRT Initiated Intercontinental Exchange Inc on May 20, 2016 to “Buy”, Price Target of the shares are set at $300.

On the company’s financial health, Intercontinental Exchange Inc reported $3.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $3.37. The company had revenue of $1129.00 million for the quarter, compared to analysts expectations of $1120.80 million. The company’s revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 EPS.

Intercontinental Exchange Inc closed down -0.7 points or -0.26% at $263.93 with 6,19,745 shares getting traded on Tusday. Post opening the session at $264.27, the shares hit an intraday low of $262.25 and an intraday high of $264.27 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jul 8, 2016, Charles A Vice (President&Chief Op. Officer) sold 2,000 shares at $253.97 per share price. According to the SEC, on Jul 8, 2016, Thomas W Farley (President, NYSE Group) sold 755 shares at $253.18 per share price. On Jun 30, 2016, Jeffrey C Sprecher (Chief Executive Officer) sold 24,606 shares at $251.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Intercontinental Exchange Inc. (ICE) is a global operator of regulated exchanges clearing houses and data services for financial and commodity markets. The Company operates marketplaces for trading and clearing an array of securities and derivatives contracts across asset classes including energy and agricultural commodities equities and equity derivatives among others. Its regulated exchanges include futures exchanges in the United States United Kingdom Canada Singapore and Europe three securities exchanges and two equity options exchanges. The Company also operates over-the-counter (OTC) markets for physical energy and credit default swaps (CDS). Its products and services include Regulated Energy Futures Contracts Regulated Agricultural Futures Contracts Regulated Financial Futures Contracts Securities Products and Listings Credit Derivatives Products OTC Energy Products ICE Data Services and New York Stock Exchange (NYSE) Data Services.

Intercontinental Exchange Inc

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