CME Group (CME) : 5 brokerage houses believe that CME Group (CME) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on CME Group (CME). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.42.
CME Group (CME) : 9 Wall Street analysts covering CME Group (CME) believe that the average level the stock could reach for the short term is $98.33. The maximum price target given is $110 and the minimum target for short term is around $86, hence the standard deviation is calculated at $7.47.
CME Group (NASDAQ:CME): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $97.95 and $97.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $98.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $98.12, notching a gain of 0.25% for the day. The total traded volume was 1,174,652 . The stock had closed at $97.88 on the previous day.
Also, Sterne Agee CRT initiates coverage on CME Group (NASDAQ:CME) The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency announces the price target to $90 per share. The rating by the firm was issued on May 20, 2016. The company shares have rallied 3.02% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $100.87 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $95.99 and the 200 Day Moving Average price is recorded at $92.80.
CME Group Inc.is the holding company for Chicago Mercantile Exchange Inc., CBOT, New York Mercantile Exchange, Inc. (NYMEX), Commodity Exchange, Inc. (COMEX) and their respective subsidiaries, as well as CME Clearing Europe Limited (CMECE) and CME Europe Limited (CME Europe). The Company also clear futures, options on futures and swaps contracts through its two clearing organizations: CME Clearing, which is a division of CME, and CMECE. The Company offers its customers the opportunity to trade futures contracts and options on futures contracts on a range of products, including those -based on interest rates, equities, foreign exchange, agricultural commodities, energy and metals. It also clear swaps contracts on a range of products, including those -based on interest rates, credit default, foreign exchange, agricultural commodities, energy and metals. Its exchange consists of designated contract markets for the trading of futures and options on futures contracts.