Insights

Top brokers name 3 ASX shares to sell today

Brokers are bearish on these ASX shares…
The post Top brokers name 3 ASX shares to sell today appeared first on The Motley Fool Australia. –

Yesterday I looked at three ASX shares brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with them right now. Three ASX shares that have just been given sell ratings by brokers are listed below. Here’s why these brokers are bearish on them:

A2 Milk Company Ltd (ASX: A2M)

According to a note out of Citi, its analysts have retained their sell rating and $6.05 price target on this infant formula company’s shares. Although the broker acknowledges that China’s new three-child policy will be a positive for the infant formula market, it doesn’t believe investors should get overly excited. This is because it believes the birth increases are likely to be occurring in lower tier cities. These are areas that Chinese infant formula producers generally have stronger market positions. The A2 Milk share price is fetching $6.93 on Thursday.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

A note out of Macquarie reveals that its analysts have downgraded this pizza chain operator’s shares to an underperform rating and cut the price target on them to $103.50. The broker made the move amid concerns over its current valuation and the prospect of a softer than expected performance in FY 2022. And while Macquarie remains positive on the long term, it isn’t enough for it to retain its neutral rating. The Domino’s share price is trading at $117.06 this afternoon.

Zip Co Ltd (ASX: Z1P)

Analysts at UBS have retained their sell rating and $5.60 price target on this buy now pay later provider’s shares following a quick review of its fourth quarter update. According to the note, UBS was disappointed with the update, noting that it fell short of expectations in both the ANZ and US markets. The Zip share price is falling heavily on Thursday and fetching $7.05 at the time of writing.

The post Top brokers name 3 ASX shares to sell 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 May 24th 2021

More reading

Zip (ASX:Z1P) share price down 7% despite crypto plans and positive outlook
ASX 200 midday update: Zip update disappoints, BHP signs Tesla deal

Zip (ASX:Z1P) share price sinks 6% following Q4 update
The A2 Milk (ASX:A2M) share price climbs as China deal receives go-ahead
Here are 3 top trading ASX 200 shares this Wednesday

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. owns shares of and has recommended ZIPCOLTD FPO. The Motley Fool Australia has recommended A2 Milk and Dominos Pizza Enterprises Limited. 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!