Insights

Brokers name 3 ASX shares to buy today

Brokers are bullish on these ASX shares right now…
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 have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Bigtincan Holdings Ltd (ASX: BTH)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $1.50 price target on this sales enablement platform provider’s shares. The broker notes that Bigtincan has hit the top end of its guidance with still a couple of weeks remaining in the financial year. It was pleased with this and believes that its strong finish to the year puts it in a good position to achieve the market’s expectations in FY 2022. The Bigtincan share price is trading at $1.10 today.

Coles Group Ltd (ASX: COL)

Analysts at Morgans have retained their add rating but trimmed their price target on this supermarket operator’s shares to $17.80. This follows the company’s strategy update this week. While the broker has downgraded its earnings estimates to account for Coles’ increased investment in its online business, distribution, and automation, it believes the investment will create long term benefits. In addition to this, it sees Coles as a winner from the normalisation of consumer behaviour. The Coles share price is fetching $16.46 this afternoon.

Sonic Healthcare Limited (ASX: SHL)

A note out of Credit Suisse reveals that its analysts have retained their outperform rating and $40.00 price target on this healthcare company’s shares. This follows news that the company has acquired Canberra Imaging Group for an undisclosed amount. The deal will add ~$60 million of revenue and is expected to support its aim of developing its imaging division in Australia. Credit Suisse estimates that the deal will be ~1% accretive to earnings per share. The broker also believes it could help the company win more government contracts. The Sonic share price is trading at $38.09 currently.

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 May 24th 2021

More reading

5 things to watch on the ASX 200 on Friday

ASX 200 drops, Sonic acquires, Challenger down

Is the weakness in the Coles (ASX:COL) share price a buying opportunity?
Why Coles, Creso Pharma, Ramelius, & Whitehaven Coal are tumbling lower

Why Bigtincan, Opthea, Seven West Media, & Telix shares are charging higher

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 and has recommended BIGTINCAN FPO. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO and COLESGROUP DEF SET. The Motley Fool Australia has recommended Sonic Healthcare Limited. 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!