ICL Group (NYSE:ICL) Stock Price Expected to Rise, Barclays Analyst Says

ICL Group (NYSE:ICL) had its price target boosted by research analysts at Barclays from $6.00 to $7.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Barclays‘s price objective points to a potential upside of 18.10% from the stock’s previous close.

ICL has been the topic of several other research reports. BMO Capital Markets upped their target price on ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a research report on Thursday, February 27th. StockNews.com lowered shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th.

ICL Group Stock Performance

Shares of ICL Group stock opened at $5.93 on Wednesday. The company’s 50 day moving average price is $5.71 and its two-hundred day moving average price is $4.84. The firm has a market capitalization of $7.79 billion, a P/E ratio of 19.13, a P/E/G ratio of 7.10 and a beta of 1.23. ICL Group has a fifty-two week low of $3.79 and a fifty-two week high of $6.57. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91.

ICL Group (NYSE:ICL) last issued its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.65 billion. On average, equities analysts forecast that ICL Group will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ICL Group

A number of hedge funds have recently added to or reduced their stakes in ICL. Lindbrook Capital LLC raised its position in shares of ICL Group by 56.8% during the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,910 shares during the period. Claro Advisors LLC grew its holdings in shares of ICL Group by 18.4% during the fourth quarter. Claro Advisors LLC now owns 18,458 shares of the basic materials company’s stock valued at $91,000 after buying an additional 2,872 shares during the last quarter. Voya Investment Management LLC increased its position in shares of ICL Group by 2.2% during the fourth quarter. Voya Investment Management LLC now owns 131,878 shares of the basic materials company’s stock worth $651,000 after acquiring an additional 2,876 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of ICL Group by 35.6% in the 3rd quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 2,985 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in ICL Group by 40.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 14,368 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 4,140 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

About ICL Group

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.