In a report released today, Joel Jackson from BMO Capital maintained a Hold rating on ICL Group (ICL – Research Report), with a price target of $11.00. The company’s shares closed last Wednesday at $9.03.
According to TipRanks.com, Jackson is a 5-star analyst with an average return of 15.8% and a 64.2% success rate. Jackson covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Sociedad Quimica Y Minera SA, and Intrepid Potash.
Currently, the analyst consensus on ICL Group is a Hold with an average price target of $11.67.
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ICL-Israel Chemicals Ltd. engages in the manufacture and sale of chemicals and fertilizers. It operates through the following segments: Industrial Products and Potash. The Industrial Products segment produces bromine out of a solution that is a by product of the potash production process in Sodom, Israel, as well as bromine based compounds. The Potash segment uses an evaporation process to extract potash from the dead sea and uses conventional mining to produce potash and salt from an underground mine in Spain. The company was founded in 1968 and is headquartered in Tel Aviv, Israel.
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