Intercontinental Exchange Inc. with ticker code (ICE) have now 16 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 161 and 145 calculating the average target price we see 152.69. Given that the stocks previous close was at 122.93 this now indicates there is a potential upside of 24.2%. The day 50 moving average is 129.1 and the 200 moving average now moves to 126.92. The market cap for the company is $69,410m. Company Website: https://www.ice.com
The potential market cap would be $86,213m based on the market concensus.
Intercontinental Exchange, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The company operates marketplaces for listing, trading, and clearing an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange, and equities, as well as corporate and exchange-traded funds; trading venues, including 13 regulated exchanges and 6 clearing houses; and offers futures and options products for energy, agricultural and metals, financial, cash equities and equity, over-the-counter, and other markets, as well as listings and data and connectivity services. It also provides fixed income data and analytic, fixed income execution, CDS clearing, and other multi-asset class data and network services. In addition, the company offers proprietary and comprehensive mortgage origination platform, which serves residential mortgage loans; closing solutions that provides customers connectivity to the mortgage supply chain and facilitates the secure exchange of information; data and analytics services; and Data as a Service for lenders to access data and origination information. Intercontinental Exchange was founded in 2000 and is headquartered in Atlanta, Georgia.
