Analyst Rating Update on Intercontinental Exchange (ICE)

Intercontinental Exchange (NYSE:ICE) : The consensus on Intercontinental Exchange (NYSE:ICE) based on 13 analyst recommendation on the company stock is 1.85, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Intercontinental Exchange (NYSE:ICE).

Intercontinental Exchange (NYSE:ICE) : 10 Wall Street analysts covering Intercontinental Exchange (NYSE:ICE) believe that the average level the stock could reach for the short term is $286. The maximum price target given is $300 and the minimum target for short term is around $255, hence the standard deviation is calculated at $15.89.

For the current week, the company shares have a recommendation consensus of Buy. Also, JP Morgan upgrades its rating on Intercontinental Exchange (NYSE:ICE). The global brokerage major maintains a current price target of $284 per share. Analysts at the JP Morgan have a current rating of Neutral on the shares. The shares were previously rated Not Rated. The rating by the firm was issued on June 1, 2016.

Intercontinental Exchange (NYSE:ICE): stock turned positive on Tuesday. Though the stock opened at $244.12, the bulls momentum made the stock top out at $248.33 level for the day. The stock recorded a low of $242.19 and closed the trading day at $248.33, in the green by 2.53%. The total traded volume for the day was 1,092,078. The stock had closed at $242.21 in the previous days trading.

In an insider trading activity,The director of Intercontinental Exchange, Inc., Forneri Jean Marc sold 5,800 shares at $262.95 on June 9, 2016. The Insider selling transaction had a total value worth of $1,525,110. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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