Jefferies Believes Intercontinental Exchange (NYSE: ICE) Still Has Room to Grow

By Ryan Adsit

Jefferies analyst Daniel Fannon reiterated a Buy rating on Intercontinental Exchange (NYSE: ICE) today and set a price target of $70. The company’s shares opened today at $64.33, close to its 52-week high of $65.

According to TipRanks.com, Fannon is a top 100 analyst with an average return of 13.4% and a 79.8% success rate. Fannon covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Virtus Investment Partners, and Janus Henderson Group plc.

Currently, the analyst consensus on Intercontinental Exchange is Moderate Buy and the average price target is $66.83, representing a 3.9% upside.

In a report issued on June 16, KBW also reiterated a Buy rating on the stock with a $65.50 price target.

The company has a one year high of $65 and a one year low of $48.15. Currently, Intercontinental Exchange has an average volume of 2.5M.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2017, Vice Charles A, the President&Chief Op. Officer of ICE sold 14,700 shares for a total of $870,387.

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.