Stock Rating Upgrade
The Value Trend Rating for ICL GROUP LTD (NYSE: ICL) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
ICL GROUP LTD (NYSE: ICL) stock declined by -3.1% on 4/12/24. The shares closed at $4.73. However, trading volume in this decline was below average at 69% of normal. The stock has been weak relative to the market over the last nine months and has declined -4.8% during the last week.
Current PriceTarget Research Rating
ICL is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
ICL GROUP has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ICL GROUP has a very high Appreciation Score of 88 but a very low Power Rating of 5, leading to the Low Neutral Value Trend Rating.
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