Intercontinental Exchange (ICE) Receives Analyst Rating

Intercontinental Exchange (ICE) : 12 analysts are covering Intercontinental Exchange (ICE) and their average rating on the stock is 1.75, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Intercontinental Exchange (ICE) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Intercontinental Exchange (ICE) stock is expected to deviate a maximum of $11.43 from the average target price of $300.3 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $314 and the most muted being $281.


Also, Deutsche Bank maintains its rating on Intercontinental Exchange (NYSE:ICE). The global brokerage major raises the current price target from $310 per share to $311 per share. Analysts at the Deutsche Bank have a current rating of Buy on the shares. The rating by the firm was issued on September 9, 2016.

Intercontinental Exchange (NYSE:ICE): After opening at $279.87, the stock dipped to an intraday low of $279.81 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $282.6 and the buying power remained strong till the end. The stock closed at $281.72 for the day, a gain of 0.69% for the day session. The total traded volume was 514,803. The stocks close on the previous trading day was $279.8.

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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