ICL Israel Chemicals Ltd last = 13 ILS 1w: +0.08 (0.6%)
% vs. spot / Price1M6M12MLT(2Y)LT(3Y)
Target Price (consensus)3.8%----
Upside (Bull Case)3.8%----
Downside (Bear Case)-----
Buy/Sell Recommendations
Strong Buy       
Strong Sell       
Data Analysis (Mid - Long term)
Company plot

Israel Chemicals Limited is a multi-national manufacturing concern that develops, produces chemical and fertilizer products in Israel. My neutral rating on ICL's shares reflects a higher level of CAPEX, due to implementation of projects (salt harvesting, pumping station and the potash streamlining project in Spain), which should limit FCF expansion. Another challenge for ICL is a possible negative outcome around mining concessions in Israel. In my view the Company should demonstrate its ability to resist the key challenges and then we could understand the share prices trajectory.