Australia's PLS Group rises, Jefferies raises PT on operational fundamentals

Pls

27/04/2026 05:55

** Shares of PLS Group PLS.AX rise as much as 4.7% to A$6.04

** Jefferies reiterates 'buy', raises PT to A$6.70 from A$6.0

** Says lithium miner PLS maintains elastic production capability and clearly defined growth pipeline

** Soft third-quarter sales to rebound in fourth quarter due to resilient price environment, brokerage adds

** Maintains a constructive long-term view, supported by supply and demand dynamics and operational fundamentals - Jefferies

** Seven of 15 analysts rate the stock "buy" or higher, four "hold" and "sell" each; their median price target is A$5.40, as per data compiled by LSEG

** Up 41% YTD, including the session's moves

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))