Cboe Global Markets (CBOE) Receives a Buy from Wells Fargo

By Austin Angelo

In a report released yesterday, Christopher Harris from Wells Fargo maintained a Buy rating on Cboe Global Markets (CBOEResearch Report). The company’s shares closed last Monday at $120.59, close to its 52-week high of $124.88.

According to TipRanks.com, Harris is a 4-star analyst with an average return of 9.0% and a 68.4% success rate. Harris covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Intercontinental Exchange, and Raymond James Financial.

Currently, the analyst consensus on Cboe Global Markets is a Hold with an average price target of $119.80.

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Cboe Global Markets’ market cap is currently $13.37B and has a P/E ratio of 31.69. The company has a Price to Book ratio of 4.03.

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Cboe Global Markets, Inc. engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options. The U.S. Equities segment covers listed cash equities and ETP transaction services that occur on BZX, BYX, EDGX, and EDGA. The Futures comprises the the business of futures exchange, CFE, which includes offering for trading futures on the VIX Index and bitcoin and other futures products. The European Equities segment relates to the pan-European listed cash equities transaction services, ETPs, exchange-traded commodities, and international depository receipts that occur on the RIE, operated by Cboe Europe Equities. The Global FX segment represents the institutional FX trading services that occur on the Cboe FX platform. The company was founded on 1973 and is headquartered in Chicago, IL.