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JPMorgan maintains a ‘Buy’ rating on PLS Group with a target price of A$5.80
Businessinsider
2h ago
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JPMorgan analyst Lyndon Fagan maintained a ‘Buy’ rating on PLS Group on October 16th, setting a target price of A$5.80. TipRanks data shows that the current consensus rating for this stock among analysts is ‘Moderate Buy’, with an average target price of A$4.88; the company’s quarterly revenue as of June 30th was A$1.31 billion, and net profit was A$492.94 million.
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JPMorgan analyst Lyndon Fagan maintained a “buy” rating on PLS Group on October 16, setting a target price of A$5.80. The company’s stock closed at A$2.98 last Friday.

According to TipRanks data, Fagan is a 4-star analyst with an average return rate of 8.5% and a success rate of 59.61%. Fagan covers the basic materials sector, with a focus on stocks such as South32, PLS Group, and Liontown Resources Limited.

Currently, analysts have a consensus rating of "moderate buy" for PLS Group, with an average target price of A$4.88, indicating a potential upside of 63.84%. Citibank also maintained a "buy" rating for the stock in a report released on October 16th, with a target price of A$5.70.

According to the latest financial report for the quarter ending June 30th as per PLS Group, the company's revenue for that quarter was 1.31 billion Australian dollars, with a net profit of 492.94 million Australian dollars. In contrast, during the same period last year, the company's revenue was 343.17 million Australian dollars, and the net loss calculated using GAAP was 126.4 million Australian dollars.

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