Top brokers name 3 ASX shares to buy today

Top brokers have named QBE Insurance Group Ltd (ASX:QBE) and these ASX shares as buys. Here’s why they are bullish on them…
The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia. –

asx brokers

Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

City Chic Collective Ltd (ASX: CCX)

According to a note out of Citi, its analysts have retained their buy rating and lifted the price target on this fashion retailer’s shares to $4.00. This follows the announcement of the acquisition of UK-based plus-sized women’s fashion retailer Evans this week. The broker is expecting the acquisition to be meaningfully accretive to earnings from next year and suspects it could help drive margin expansion. The City Chic share price is changing hands for $3.79 this afternoon.

QBE Insurance Group Ltd (ASX: QBE)

Another note out of Citi reveals that its analysts have retained their buy rating but cut the price target on this insurance giant’s shares to $10.60. According to the note, the broker was disappointed to see QBE announce yet another profit warning. However, given its undemanding valuation and a very favourable premium rate backdrop, the broker is holding firm with its buy rating. It expects premium increases to underpin margin expansion and growth in the coming years. The QBE share price is fetching $8.85 on Wednesday.

Volpara Health Technologies Ltd (ASX: VHT)

Analysts at Morgans have retained their add rating and $1.71 price target on this healthcare technology company’s shares. This follows the announcement of a five-year software-as-a-service (SaaS) contract with BreastScreen Queensland. BreastScreen Queensland is the third largest public breast screening program in Australia. Morgans suspects that this could be the first of other state-based screening programs. In addition, Morgans has reminded investors about an upcoming ruling by the FDA that could see the regulator mandate that a women’s breast density must be reported. This would be a big positive for the company. The Volpara share price is trading at $1.38 this afternoon.

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 June 30th

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 and recommends VOLPARA FPO NZ. The Motley Fool Australia has recommended VOLPARA FPO NZ. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Top 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!