Jefferies positive on Australia's ALS Ltd reaffirming FY27 outlook
BUZZ-Jefferies positive on Australia's ALS Ltd reaffirming FY27 outlook ** Jefferies remain positive on Australia's ALS ALQ.AX after the laboratory testing group reaffirmed its FY27 guidance at its AGM
** ALS said on Tuesday it remains on track to achieve single-digit organic revenue growth consistent with 2026 for 2027
** Jefferies highlighted the Commodities division as the key driver, with management indicating Minerals is running ahead of internal organic growth expectations
** Brokerage says this supports its view that commodities growth could remain stronger for longer, forecasting first-half FY27 Commodities revenue growth of 19%, above consensus expectations of 16%
** 11 of 12 analysts rate the stock "buy" or higher, one "hold"; their median PT is A$26.00, according to data compiled by LSEG
** Stock has fallen 1% this year, as of last close
(Reporting by Roshan Thomas in Bengaluru)
Recent news on ALS
See all newsMorningstar maintains fair value price for Australia's ALS on demand for mineral testing
Jefferies positive on Australia's ALS Ltd reaffirming FY27 outlook
Brief: ALS Ltd Remains On Track To Deliver High Single Digit Organic Revenue Growth & Margin Improvement Consistent With FY26
Australia's ALS rises on positive trading update
Australia's ALS jumps as brokerages raise earnings estimate on commodities boost