Brokers name 3 ASX shares to buy today

Brokers are bullish on these ASX shares…
The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia. –

It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Accent Group Ltd (ASX: AX1)

According to a note out of UBS, its analysts have commenced coverage on this footwear retailer’s shares with a buy rating and $3.00 price target. The broker believes Accent is well-placed for growth post-COVID and sees opportunities for its margins to expand and its store network to grow in the coming years. The Accent share price is trading at $2.41 on Friday afternoon.

CSL Limited (ASX: CSL)

A note out of Morgans reveals that its analysts have retained their add rating and lifted their price target on this biotherapeutics giant’s shares to $334.70. This follows news that the company is acquiring Vifor Pharma. Morgans doesn’t believe this deal is a sign that CSL’s core business’ growth is coming to an end. Instead, the broker feels it is a complementary acquisition with a strong product portfolio that has growth opportunities. The CSL share price is fetching $273.31 on Friday.

Qantas Airways Limited (ASX: QAN)

Analysts at Citi have retained their buy rating but trimmed their price target on this airline operator’s shares to $5.86. This follows the release of a trading update from Qantas earlier this week. Although it will be posting a big first half loss, Citi remains positive on Qantas and believes the risk/reward on offer is attractive. Particularly given how at these levels, the broker thinks the International recovery is not priced in. The Qantas share price is trading at $4.82 today.

The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

Wondering where you should 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 could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Could Qantas (ASX:QAN) shares prove to be a compelling investment in 2022?

Why Chorus, CSL, Qantas, and Sims shares are dropping

Qantas (ASX:QAN) share price descends on $1.1bn half year loss guidance

ASX 200 (ASX:XJO) midday update: CSL sinks, Qantas’ $1.1bn+ first half loss

CSL (ASX:CSL) share price down 8% after raising US$4.5bn

Motley Fool contributor James Mickleboro owns Life360, Inc. and Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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!