Here’s why brokers rate these ASX shares as buys…
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 leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:
Beach Energy Ltd (ASX: BPT)
According to a note out of Credit Suisse, its analysts have retained their outperform rating and lifted their price target slightly on this energy company’s shares to $1.57. The broker acknowledges that Beach Energy’s performance has been disappointing this year. However, it believes the pullback in its share price has created a buying opportunity for investors. Credit Suisse also appears optimistic that the company’s production will increase over the next 12 months. The Beach share price is trading at $1.21 today.
Healius Ltd (ASX: HLS)
A note out of Macquarie reveals that its analysts have retained their outperform rating and lifted their price target on this healthcare company’s shares to $5.55. The broker made the move on the belief that Healius will continue to benefit from elevated COVID-19 testing volumes for longer despite the global vaccine rollout. Macquarie also sees opportunities for the company’s margins to improve and boost its profits further. The Healius share price is fetching $5.00 on Monday.
Sandfire Resources Ltd (ASX: SFR)
Analysts at Morgan Stanley have retained their overweight rating and $7.95 price target on this copper miner’s shares. This follows news that the company is acquiring the Matsa mining operations in Spain. Morgan Stanley appears pleased with the plan and expects it to offset production reductions at the Degrussa operation. The Sandfire share price is trading at $5.46 on Monday morning.
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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. has no position in any of the stocks mentioned. 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.