Brokerage Jefferies backs PLS Group on strong cash generation, FY27 growth plans

Pls

30/07/2026 21:01

** Analysts at Jefferies reiterate "buy" rating for Australia's PLS Group PLS.AX at a price target of A$6.10
** The lithium miner said on Thursday it expects FY27 production of 1,030 kt to 1,100 kt, higher than the FY26 production of 879.5 kt
** Jefferies notes the restart of co's Ngungaju processing plant on July 1 is expected to boost output, while FY27 guidance pointed to lower-than-expected operating costs and capital spending
** Brokerage also adds Pilbara remained its preferred ASX-listed lithium exposure, citing "strong margins", operational flexibility and long-term growth options including the P2000 expansion, Mid-Stream project and downstream lithium hydroxide exposure
** Eight of 16 analysts rate the stock "buy" or higher, five "hold" and three "sell" or lower; their median PT is A$5.60, according to data compiled by LSEG
** Stock has fallen 0.2% this year, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))