Insights

Top brokers name 3 ASX shares to buy today

Top brokers have named Telstra Corporation Ltd (ASX:TLS) 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. –

finger pressing red button on keyboard labelled Buy

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:

Goodman Group (ASX: GMG)

According to a note out of UBS, its analysts have upgraded this property company’s shares to a buy rating with an $18.70 price target. The broker made the move largely on valuation grounds after a recent pullback in the Goodman share price. In addition to this, it notes that demand for its developments is strong and its balance sheet gives it the flexibility to capitalise fully on structural tailwinds. The Goodman share price is trading at $17.27 this afternoon.

Metcash Limited (ASX: MTS)

Analysts at Credit Suisse have retained their outperform rating and $4.08 price target on this wholesale distributor’s shares following its strategy update. According to the note, the broker was pleased with the update. It was also happy to see that the business is performing well in the second half and notes that the board intends to lift its payout ratio from 60% to 70%. And while it has reduced its earnings estimates slightly to account for higher than expected costs, it remains positive on its outlook. The Metcash share price is fetching $3.41 on Wednesday.

Telstra Corporation Ltd (ASX: TLS)

A note out of Ord Minnett reveals that its analysts have upgraded this telco giant’s shares to a buy rating with an improved price target of $4.05. According to the note, the broker believes Telstra’s key post-paid mobile business is well-placed to benefit from the 5G rollout. In addition, Ord Minnett expects Telstra to maintain its dividend at the current level. This will mean 16 cents per share fully franked dividends for the next couple of years at least. The Telstra share price is trading at $3.14 on Wednesday 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 February 15th 2021

More reading

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. 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!