Insights

Leading brokers name 3 ASX shares to buy today

Leading brokers have named Xero Limited (ASX:XRO) and these ASX shares as buys this week. Here’s why they are bullish on them…
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia. –

ASX shares Business man marking buy on board and underlining it

With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

According to a note out of Macquarie, its analysts have retained their outperform rating and $30.50 price target on this banking giant’s shares. The broker has been looking at the banking sector following recent results releases. It believes ANZ’s shares offer investors the best value over the medium term. This is despite Macquarie not expecting ANZ’s second half performance to be as strong as the first due to increasing costs. The ANZ share price is fetching $27.39 on Monday morning.

TPG Telecom Ltd (ASX: TPG)

A note out of Ord Minnett reveals that its analysts have upgraded this telco’s shares to a buy rating but cut the price target on them to $6.45. The broker made the move largely on valuation grounds following a sharp pullback since announcing changes in its leadership. And while it notes that COVID-19 headwinds won’t be going away any time soon, it expects this to be offset by merger synergies. The TPG Telecom share price is trading at $5.20 this morning.

Xero Limited (ASX: XRO)

Analysts at Morgan Stanley have retained their overweight rating but trimmed their price target on this cloud accounting platform provider’s shares to $135.00. This follows the release of Xero’s full year results last week. According to the note, the broker feels the market has overreacted to Xero’s investment plans. It believes the strategy of reinvesting is the right thing to do and will help it maintain a leadership position over the long term. It points out that this strategy helped it unseat previous market leader MYOB in the past. The Xero share price is fetching $116.25 on Monday.

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 Xero. 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.

The post Leading brokers name 3 ASX shares to buy today 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!