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. –

On Thursday, we looked at three ASX shares that brokers have given buy ratings to this week. Unfortunately, not all shares are in favour with brokers right now.

Three ASX shares that have just been given sell ratings by brokers are listed below. Here’s why they are bearish on them:

AMP Ltd (ASX: AMP)

According to a note out of UBS, its analysts have retained their sell rating and 90 cents price target on this financial services company’s shares. While AMP’s latest update was largely in line with the broker’s expectations, it isn’t enough for a change of rating. UBS continues to have concerns over a structural deterioration in the company’s core wealth business. In light of this, it feels its shares are expensive at the current level. The AMP share price is trading at $1.18 on Friday afternoon.

Commonwealth Bank of Australia (ASX: CBA)

A note out of Citi reveals that its analysts have retained their sell rating and $90.75 price target on this banking giant’s shares. Citi notes that CBA is scheduled to release its quarterly update next week. Its analysts are expecting the bank to report a quarterly profit of $2.2 billion, which will be a 10% decline versus the first-half average. In light of this performance, it doesn’t see value in the bank’s shares at the current level and holds firm with its sell rating. The CBA share price is fetching $102.33 today.

JB Hi-Fi Limited (ASX: JBH)

Analysts at Goldman Sachs have retained their sell rating and lifted their price target on this retailer’s shares slightly to $39.20. This follows the release of a third-quarter update which revealed strong sales growth. However, Goldman Sachs doesn’t expect this strong growth to continue. It feels the “perfect storm” of positive drivers for the company will reverse in FY 2023. The JB Hi-Fi share price is trading at $48.69 on Friday.

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 over ten 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 January 12th 2022

More reading

AMP share price rebounds as Woolworths ends $4b superannuation contract
How is the AMP share price looking in May?
ASX 200 midday update: ANZ higher on results, Flight Centre and JB Hi-Fi sink following updates
What’s the outlook for the CBA share price in May?
Why ASX 200 bank shares are in the spotlight

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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. 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 Scott Phillips.

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.

  • This field is for validation purposes and should be left unchanged.

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 - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US & HK* Trades. Click Here!