The ALS Ltd (ASX: ALQ) share price is having a good day and finds itself up 3% to $7.06 in afternoon trade.
This means the testing services company's shares have risen almost 17% this year.
Why have its shares jumped?
Almost all of its year-to-date gain has come in the last 30 days following the release of its full-year result.
One broker which was notably impressed by the result was Citi. Shortly after its results were revealed, the broker released a very positive research note.
That note revealed that its analysts had upgraded the testing services company's shares from a sell to a buy rating with a $6.90 price target.
Although this price target has now been breached, another broker still thinks its shares can go even higher. Last week Macquarie slapped an outperform rating and $7.28 price target on its shares.
Leading brokers have also labelled these shares as buys this week.
