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Why Bravura, Costa, Inghams, & Propel shares are pushing higher

Bravura Solutions Ltd (ASX:BVS) and Propel Funeral Partners Ltd (ASX:PFP) shares are two of four pushing notably higher on Monday…
The post Why Bravura, Costa, Inghams, & Propel shares are pushing higher appeared first on The Motley Fool Australia. –

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has given back its morning gains and is edging lower. At the time of writing, the benchmark index is down 0.1% to 7,173.4 points.

Four ASX shares that have not let that hold them back today are listed below. Here’s why they are pushing higher:

Bravura Solutions Ltd (ASX: BVS)

The Bravura share price is up 7% to $3.52. This is despite there being no news out of the financial technology company today. However, as I noted at the weekend, Bravura has been tipped as a share to buy recently by analysts at Goldman Sachs. They see a lot of value in its shares at the current level.

Costa Group Holdings Ltd (ASX: CGC)

The Costa share price is rebounding from last week’s selloff and is up 3.5% to $3.43. Bargain hunters may be swooping in today on the belief that the horticulture company’s shares were oversold last week. Investors were heading to the exits in their droves following the release of an update at Costa’s annual general meeting.

Inghams Group Ltd (ASX: ING)

The Inghams share price is up 2.5% to $3.50. This morning analysts at Goldman Sachs released a bullish broker note relating to the poultry producer. According to the note, the broker has retained its buy rating and lifted its price target to $4.50. Goldman made the move in response to the company’s solid trading update released at the end of last week.

Propel Funeral Partners Ltd (ASX: PFP)

The Propel share price has risen 6% to $3.62. The catalyst for this was news that the funeral company has entered into an implementation agreement with its manager, Propel Investments. The agreement is intended to internalise key senior management functions. The independent directors stated that they believe the internalisation proposal is in the best interests of Propel Funeral and its shareholders.

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More reading

These ASX shares are the newest “buy” recommendations from leading brokers

Why the Propel Funeral (ASX:PFP) share price is leaping higher
These are the 10 most shorted shares on the ASX

ASX 200 Weekly Wrap: ASX record highs tumble like… Costa shares

5 things to watch on the ASX 200 on Monday

The post Why Bravura, Costa, Inghams, & Propel shares are pushing higher appeared first on The Motley Fool Australia.

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