In a report released today, Paul McTaggart from Citi maintained a Buy rating on Sims (SMUPF – Research Report), with a price target of A$13.00. The company’s shares closed yesterday at $7.44.
According to TipRanks, McTaggart is a 5-star analyst with an average return of 11.2% and a 56.79% success rate. McTaggart covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Fortescue Metals Group Ltd, and Rio Tinto Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sims with a $8.36 average price target.
SMUPF market cap is currently $1.45B and has a P/E ratio of -37.93.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SMUPF in relation to earlier this year.
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Sims (SMUPF) Company Description:
Sims Ltd. engages in the recycling of metal and electronics. It operates though the following segments: North America Metals (NAM), ANZ Metals (ANZ), Europe Metals (Europe), Global E-Recycling (SRS), and Unallocated. The NAM segment comprises of subsidiaries and joint ventures in the U.S. and Canada which perform ferrous and non-ferrous secondary recycling functions. The ANZ segment includes subsidiaries and joint arrangements in Australia, New Zealand and Papua New Guinea which perform ferrous and non-ferrous secondary recycling functions. The Europe segment consists of subsidiaries in the United Kingdom which perform ferrous and non-ferrous secondary recycling functions. The SRS segment composes of subsidiaries which provide electronic recycling solutions in the following countries: Australia, Austria, Belgium, Canada, Czech Republic, Dubai, Germany, India, Ireland, Netherlands, New Zealand, Norway, Poland, Republic of South Africa, Singapore, Sweden, the United Kingdom and the U.S. The Unallocated segment contains unallocated corporate costs, interests in an associate and joint venture in Hong Kong and Australia, and the group’s non-ferrous central marketing entity. The company was founded by Albert George Sims in 1917 and is headquartered in Rye, NY.
