ICL Group (NYSE:ICL) Reaches New 12-Month High – What’s Next?

ICL Group Ltd (NYSE:ICL) reached a new 52-week high on Wednesday . The company traded as high as $6.20 and last traded at $6.19, with a volume of 100398 shares. The stock had previously closed at $6.13.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays upgraded ICL Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $4.00 to $6.00 in a research report on Tuesday, January 21st. StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

ICL Group Trading Up 0.2 %

The company’s fifty day simple moving average is $5.46 and its 200-day simple moving average is $4.67. The firm has a market capitalization of $8.07 billion, a PE ratio of 19.82, a P/E/G ratio of 6.70 and a beta of 1.23. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meitav Investment House Ltd. raised its holdings in shares of ICL Group by 21.3% during the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock valued at $101,391,000 after acquiring an additional 3,606,357 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of ICL Group during the third quarter worth approximately $11,967,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD raised its stake in ICL Group by 106.0% in the 4th quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 4,579,516 shares of the basic materials company’s stock valued at $22,584,000 after purchasing an additional 2,356,324 shares during the last quarter. Y.D. More Investments Ltd lifted its holdings in ICL Group by 15.1% in the 4th quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company’s stock valued at $81,334,000 after purchasing an additional 2,161,715 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in ICL Group in the 3rd quarter valued at $6,689,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

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.