Deutsche Bank Maintains Intercontinental Exchange Inc to Buy with Price Target $307.00

Brokerage firm Deutsche Bank Maintains its rating on Intercontinental Exchange Inc(NYSE:ICE). In a research note issued to the investors, the brokerage major Raises the price-target to $307.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Aug 5, 2016.

In a different note, On Aug 4, 2016, Keefe Bruyette & Woods said it Maintains its rating on Intercontinental Exchange Inc. In the research note, the firm Raises the price-target to $300.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 4, 2016, Barclays said it Maintains its rating on Intercontinental Exchange Inc. In the research note, the firm Raises the price-target to $294.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 4, 2016, UBS said it Maintains its rating on Intercontinental Exchange Inc. In the research note, the firm Raises the price-target to $279.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 4, 2016, Deutsche Bank said it Maintains its rating on Intercontinental Exchange Inc. In the research note, the firm Raises the price-target to $295.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 1, 2016, JP Morgan said it Upgrades its rating on Intercontinental Exchange Inc. The shares have been rated ‘Neutral’ by the firm. Sterne Agee CRT said it Initiates Coverage on Intercontinental Exchange Inc, according to a research note issued on May 20, 2016. The shares have been rated ‘Buy’ by the firm.

Intercontinental Exchange Inc (ICE) made into the market gainers list on Wednesdays trading session with the shares advancing 1.23% or 3.41 points. Due to strong positive momentum, the stock ended at $281.52, which is also near the day’s high of $281.81. The stock began the session at $278.61 and the volume stood at 4,11,530 shares. The 52-week high of the shares is $283.2541 and the 52 week low is $220.282. The company has a current market capitalization of $33,539 M and it has 11,91,33,837 shares in outstanding.

Intercontinental Exchange Inc has also declared a cash dividend of $0.8500 on Aug 3, 2016. The shares will quote ex-dividend on Sep 14, 2016 and the record date has been fixed on Sep 16, 2016. The dividend payable date has been fixed on Sep 30, 2016.

Intercontinental Exchange Inc(ICE) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.13B. Analysts had an estimated revenue of $1.12B. Earnings per share were $3.43. Analysts had estimated an EPS of $3.38.

Several Insider Transactions has been reported to the SEC. On Jul 8, 2016, Charles A Vice (President&Chief Op. Officer) sold 2,000 shares at $253.97 per share price.Also, 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.

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