Here’s why brokers rate these ASX shares highly…
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia. –
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:
Afterpay Ltd (ASX: APT)
According to a note out of Ord Minnett, its analysts have retained their buy rating and $150.00 price target on this payments company’s shares. This follows news that it is expanding its pay anywhere offering in the United States to cover 12 major retailers. Collectively, these retailers account for almost half of all online retail volume in the lucrative market. Ord Minnett is a fan of Afterpay’s plans and sees opportunities to improve on similar and clunky offerings by rivals. The Afterpay share price is fetching $119.64 today.
Charter Hall Group (ASX: CHC)
A note out of Citi reveals that its analysts have retained their buy rating and lifted their price target on this property company’s shares to $17.50. This follows a funds under management update by Charter Hall last week which has Citi believing that there could be further upside to its guidance in FY 2021. In addition to this, the broker is a fan due to its strong business and undemanding valuation. The Charter Hall share price is trading at $15.68 today.
Origin Energy Ltd (ASX: ORG)
Another note out of Ord Minnett reveals that its analysts have retained their buy rating and $5.75 price target on this energy company’s shares. While Ord Minnett acknowledges that electricity prices were soft during the summer due to mild weather and COVID-19, it appears optimistic that they will soon improve. And of the two major listed energy retailers, Ord Minnett believes Origin is best positioned to benefit from rising prices. The Origin share price is trading at $4.71 this afternoon.
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*Returns as of May 24th 2021
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Motley Fool contributor 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 AFTERPAY T FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.