CLSA Maintains CME Group Inc to Underperform with Price Target $100.00

Brokerage firm CLSA Maintains its rating on CME Group Inc(NASDAQ:CME). In a research note issued to the investors, the brokerage major Raises the price-target to $100.00 per share. The shares have been rated Underperform. The rating by CLSA was issued on Jul 14, 2016.

In a different note, Sterne Agee CRT said it Initiates Coverage on CME Group Inc, according to a research note issued on May 20, 2016. The shares have been rated ‘Neutral’ by the firm. Buckingham Research said it Initiates Coverage on CME Group Inc, according to a research note issued on May 3, 2016. The shares have been rated ‘Buy’ by the firm.

CME Group Inc (CME) shares turned negative on Mondays trading session with the shares closing down -0.33 points or -0.32% at a volume of 7,24,156. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $102.28. The peak price level was also seen at $102.28 while the days lowest was $101.28. Finally the shares closed at $101.5. The 52-week high of the shares is $102.282 while the 52-week low is $81.87. According to the latest information available, the market cap of the company is $34,372 M.

CME Group Inc(CME) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $934.20M. Analysts had an estimated revenue of $942.43M. Earnings per share were $1.15. Analysts had estimated an EPS of $1.15.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Kimberly S Taylor (Sr MD Pres Gl Ops Tech & Risk) sold 2,300 shares at $96.55 per share price.Also, On Jun 30, 2016, Phupinder Gill (CEO) sold 31,120 shares at $93.14 per share price.On Jun 14, 2016, Kevin Kometer (Sr MD Chief InformationOfficer) sold 3,825 shares at $95.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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