Insights

Leading brokers name 3 ASX shares to buy today

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.

The post Leading 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

The Sandfire (ASX:SFR) share price drops 13% on entitlement offer completion
Is this ASX 200 miner one of the best value shares to buy today

These were the best performers on the ASX 200 last week

Guess which sector this week’s top performing ASX 200 shares come from

Sandfire Resources (ASX:SFR) share price frozen amid acquisition and cap raise

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.

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!