Insights

The ASX shares brokers think you should be watching

Brokers have called out Rhipe Ltd (ASX: RHP) and these ASX shares as buys on Tuesday. Here’s why there could be upside in these ASX shares.
The post The ASX shares brokers think you should be watching appeared first on The Motley Fool Australia. –

A man with binoculars crouched in the bush, indication a share price on watch

With the ASX 200 continuing to ping pong back and forth, here are the ASX shares that big brokers think you should be watching. 

Ardent Leisure Group Ltd (ASX: ALG)

Citi believes Ardent Leisure could be an attractive way to play into the re-opening economy and pent-up demand narrative. The broker notes that the company’s balance sheet and liquidity concerns are being resolved. Additionally, its valuation is underpinned by the theme park asset value of at least $89 million prior to rezoning. 

What’s interesting is that despite Citi’s buy rating, its target price of 82 cents was unchanged. The Ardent Leisure share price trading at 92 cents at the time of writing. This represents a downside of 10%. 

Boral Limited (ASX: BLD) 

Boral recently completed the sale of its 50% share in USG Boral to Gebr Knauf KG for US$1.05 billion (A$1.33 billion). The proceeds will be used to pay down debt, return capital to shareholders and reinvest in the business.

Morgan Stanley calls this move another step in the evolution of Boral. Furthermore, Morgan Stanley believes it represents a significant transformation. This comes from a period when serious concerns were raised about its balance sheet. The broker rates Boral shares as overweight with a $6.30 target price. The Boral share price is currently fetching $5.83. 

Rhipe Ltd (ASX: RHP) 

It’s been back and forth for the Rhipe share price since March last year.

Ord Minnett believes that it could be Rhipe’s time to deliver some meaningful shareholder returns. This comes with an accumulate rating and $2.45 target price. 

The broker’s commentary highlights the company’s recent acquisition of EMT Distribution, a cybersecurity distribution specialist. It believes this move will broaden Rhipe’s exposure to a growing cybersecurity market. Additionally, it plays a role in its broader strategy to diversify from its core cloud subscription offering. 

The deal will be immediately earnings accretive in FY22, and greater revenue synergies through cross-selling may be realised in the near-term. Overall, Ord Minnett is bullish on Rhipe’s growth both organically through increased cloud software adoption and through its growth via acquisition.

With Rhipe shares currently trading at $1.80, the broker’s target price represents a significant 36% upside. 

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

Motley Fool contributor Kerry Sun 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.

The post The ASX shares brokers think you should be watching 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!