3 high quality ASX shares to buy next month

CSL Limited (ASX:CSL) and these ASX shares could be high quality options for investors next month. Here’s what you need to know…
The post 3 high quality ASX shares to buy next month appeared first on The Motley Fool Australia. –

3 asx shares to buy depicted by man holding up hand with 3 fingers up

With a new month upon us, now could be a good time to consider making some new additions to your portfolio.

Listed below are three high quality ASX shares that could be great options for April. Here’s what you need to know about them:

Adore Beauty Group Limited (ASX: ABY)

Adore Beauty is a beauty-focused ecommerce company that has been growing very strongly in FY 2021. Last month the company released its half year results and revealed an 85% increase in revenue to $96.2 million and a 188% jump in operating earnings to $5.2 million. Positively, this is still well short of its overall market opportunity. And thanks to the shift online and the low penetration of beauty sales online compared to other Western markets, Adore Beauty looks well-placed for growth over the long term.

UBS is positive on the company. It recently put a buy rating and $6.20 price target on its shares.

CSL Limited (ASX: CSL)

Another ASX share to consider is CSL. This biotechnology’s CSL Behring business has a portfolio filled with lucrative life-saving plasma therapies. Whereas its Seqirus business has a range of important influenza vaccines and anti-venom products. Between the two businesses, CSL is generating billions of dollars of sales each year and reinvesting ~11% of this back into its research and development activities. This has resulted in the company having a number of exciting products under development with the potential to underpin solid long term earnings growth. 

Citi recently upgraded CSL’s shares to a buy rating with a $310 price target.

REA Group Limited (ASX: REA)

A final ASX share to consider buying is REA Group. It is of course the dominant player in real estate listings in the Australian market with its website. In addition to this, the company has a collection of complementary businesses in the local market and a number of international brands. REA Group looks well-placed for growth in the coming years thanks to the improving housing market, new revenue streams, cost cutting, and price increases.

Morgan Stanley is positive on the company’s prospects. It has an overweight rating and $175.00 price target on its shares.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Adore Beauty Group Limited. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 3 high quality ASX shares to buy next month appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!