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

ICL Group (NYSE:ICL - Get Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.