Barclays Cuts ICL Group (NYSE:ICL) Price Target to $11.00

ICL Group (NYSE:ICLGet Rating) had its target price lowered by Barclays from $12.00 to $11.00 in a research report sent to investors on Thursday morning, The Fly reports. The brokerage currently has an equal weight rating on the basic materials company’s stock.

A number of other research analysts have also issued reports on ICL. BMO Capital Markets dropped their price objective on shares of ICL Group from $10.00 to $9.50 and set a market perform rating for the company in a report on Thursday, November 10th. StockNews.com started coverage on shares of ICL Group in a report on Wednesday, October 12th. They issued a strong-buy rating for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ICL Group presently has a consensus rating of Hold and a consensus price target of $10.50.

ICL Group Stock Up 0.7 %

Shares of NYSE ICL opened at $8.17 on Thursday. The company has a 50 day simple moving average of $8.56 and a 200 day simple moving average of $9.52. The firm has a market cap of $10.72 billion, a PE ratio of 5.01, a price-to-earnings-growth ratio of 0.95 and a beta of 1.10. ICL Group has a 1 year low of $8.01 and a 1 year high of $12.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.65 and a quick ratio of 1.01.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.2435 per share. This represents a $0.97 annualized dividend and a dividend yield of 11.92%. The ex-dividend date is Tuesday, November 29th. ICL Group’s dividend payout ratio (DPR) is 56.44%.

Institutional Trading of ICL Group

Large investors have recently modified their holdings of the stock. Barclays PLC grew its position in shares of ICL Group by 325,000.0% during the 3rd quarter. Barclays PLC now owns 3,251 shares of the basic materials company’s stock worth $27,000 after buying an additional 3,250 shares during the period. SJS Investment Consulting Inc. acquired a new stake in ICL Group in the 1st quarter valued at $30,000. EverSource Wealth Advisors LLC grew its position in ICL Group by 1,482.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,403 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 3,188 shares during the period. Clear Street Markets LLC acquired a new stake in ICL Group in the 3rd quarter valued at $36,000. Finally, Advisor Group Holdings Inc. grew its position in ICL Group by 1,091.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,002 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 2,750 shares during the period.

About ICL Group

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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 Innovative Ag Solutions (IAS). 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.

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