Insights

Top brokers name 3 ASX shares to sell next week

Top brokers have named JB Hi-Fi Limited (ASX:JBH) and these ASX shares as sells for next week. Here’s why they are bearish…
The post Top brokers name 3 ASX shares to sell next week appeared first on The Motley Fool Australia. –

business man holding sign stating time to sell

Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

Three sell ratings that caught my eye are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

AGL Energy Limited (ASX: AGL)

According to a note out of UBS, its analysts have retained their sell rating and $10.10 price target on this energy company’s shares. The broker notes that AGL plans to separate into two companies – New AGL and PrimeCo. While UBS believes New AGL will be a more ESG-friendly option for investors, it struggles to see the appeal of PrimeCo. This is due to the latter’s thermal coal assets. UBS also notes that the full details of the plan have yet to be released. The AGL share price ended the week at $9.72.

Bendigo and Adelaide Bank Ltd (ASX: BEN)

Analysts at Morgan Stanley have retained their underweight rating and $9.90 price target on this regional bank’s shares. According to the note, the broker believes the banking sector’s near term outlook is positive due to heightened liquidity, favourable shifts in deposits, and low wholesale funding costs. However, it doesn’t see enough value in Bendigo and Adelaide Bank’s shares to have a more positive rating. Especially given its concerns over ongoing margin management and costs. The Bendigo and Adelaide Bank share price was trading at $9.97 at the end of the week.

JB Hi-Fi Limited (ASX: JBH)

Another note out of Morgan Stanley reveals that its analysts have downgraded this retailer’s shares to an underweight rating with a reduced price target of $46.00. According to the note, Morgan Stanley made the move largely on valuation grounds and sees far more value in rival Harvey Norman Holdings Limited (ASX: HVN). Furthermore, the broker notes that JB Hi-Fi is now cycling the panic buying period at the height of the pandemic. This could make achieving comparable store sales growth hard in the coming months. The JB Hi-Fi share price ended the week at $51.01.

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 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 Top brokers name 3 ASX shares to sell next week 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!