In a report released today, Thiago Ojea from Citi maintained a Buy rating on PLS Group, with a price target of A$5.70.
Ojea covers the Basic Materials sector, focusing on stocks such as PLS Group, Regis Resources Limited, and Genesis Minerals Limited. According to TipRanks, Ojea has an average return of 12.5% and a 71.43% success rate on recommended stocks.
In addition to Citi, PLS Group also received a Buy from RBC Capital’s James Redfern in a report issued on September 1. However, on August 31, Morgan Stanley maintained a Hold rating on PLS Group (Other OTC: PILBF).
Based on PLS Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$1.31 billion and a net profit of A$492.94 million. In comparison, last year the company earned a revenue of A$343.17 million and had a GAAP net loss of A$126.4 million
