ICL Group (NYSE:ICL) Hits New 52-Week High – Should You Buy?

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

Analysts Set New Price Targets

ICL has been the topic of several research reports. Barclays raised shares of ICL Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $4.00 to $6.00 in a research report on Tuesday, January 21st. StockNews.com raised ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th.

ICL Group Trading Down 0.9 %

The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $8.11 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 6.98 and a beta of 1.23. The firm’s 50-day simple moving average is $5.53 and its 200-day simple moving average is $4.71.

Institutional Investors Weigh In On ICL Group

A number of large investors have recently added to or reduced their stakes in ICL. Creative Planning increased its position in shares of ICL Group by 46.8% during the 3rd quarter. Creative Planning now owns 123,640 shares of the basic materials company’s stock valued at $529,000 after purchasing an additional 39,410 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of ICL Group by 99.4% in the third quarter. Blue Trust Inc. now owns 40,617 shares of the basic materials company’s stock worth $174,000 after buying an additional 20,250 shares during the period. Greenleaf Trust bought a new stake in shares of ICL Group in the 3rd quarter valued at about $135,000. Assenagon Asset Management S.A. purchased a new stake in ICL Group during the 3rd quarter valued at about $11,967,000. Finally, GW Henssler & Associates Ltd. grew its position in ICL Group by 18.0% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 19,726 shares of the basic materials company’s stock worth $84,000 after acquiring an additional 3,010 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

ICL Group Company Profile

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.