Intercontinental Exchange (ICE) Receives a Buy from Berenberg Bank

Berenberg Bank analyst Eoin Mullany maintained a Buy rating on Intercontinental Exchange (ICEResearch Report) on February 8 and set a price target of $154.00. The company’s shares closed last Thursday at $128.01.

According to TipRanks.com, Mullany is a 1-star analyst with an average return of -1.6% and a 47.3% success rate. Mullany covers the Financial sector, focusing on stocks such as Deutsche Bank AG, Morgan Stanley, and UBS Group AG.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intercontinental Exchange with a $156.50 average price target, a 23.2% upside from current levels. In a report issued on February 4, UBS also maintained a Buy rating on the stock with a $149.00 price target.

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Intercontinental Exchange’s market cap is currently $71.69B and has a P/E ratio of 17.97.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ICE in relation to earlier this year. Most recently, in December 2021, Goone David S, the Chief Strategic Officer of ICE bought 1,492 shares for a total of $99,964.

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.

Founded in 2000, Georgia-based Intercontinental Exchange, Inc. engages in the management of online marketplaces. It operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

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