After Merrill Lynch and Barclays gave Intercontinental Exchange (NYSE: ICE) a Buy rating last month, the company received another Buy, this time from Deutsche Bank. Analyst Brian Bedell maintained a Buy rating on Intercontinental Exchange today and set a price target of $103.00. The company’s shares closed last Thursday at $87.68.
According to TipRanks.com, Bedell is a 4-star analyst with an average return of 1.4% and a 45.9% success rate. Bedell covers the Financial sector, focusing on stocks such as Apollo Global Management, WisdomTree Investments, and Janus Henderson Group.
Currently, the analyst consensus on Intercontinental Exchange is a Strong Buy with an average price target of $97.55, which is a 13.2% upside from current levels. In a report issued on April 3, Citigroup also upgraded the stock to Buy with a $93.00 price target.
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The company has a one-year high of $101.93 and a one-year low of $63.51. Currently, Intercontinental Exchange has an average volume of 4.67M.
Based on the recent corporate insider activity of 109 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. Most recently, in February 2020, Sprecher Jeffrey C, the CEO of ICE bought 104,911 shares for a total of $4,855,906.
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, Inc. engages in the management of online marketplace. It operates through the Trading and Clearing; and Data and Listings segments. The Trading and Clearing segment offers transaction-based executions and clearing activities. The Data and Listings segment includes securities and subscription-based data services. The company was founded by Jeffrey C. Sprecher in May 2000 and is headquartered in Atlanta, GA.
