On Wednesday I looked at three ASX shares that brokers have given buy ratings to this week.
Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below.
Here’s why these brokers are bearish on them:
Computershare Limited (ASX: CPU)
According to a note out of Morgan Stanley, its analysts have retained their underweight rating and $11.00 price target on this share registry company’s shares. The broker notes that Computershare has reaffirmed its guidance for a 20% decline in management earnings per share. While this is being seen as a positive, it still has concerns over falling margin income over the next couple of years due to low interest rates. The Computershare share price is trading at $12.79 today.
TechnologyOne Ltd (ASX: TNE)
Analysts at UBS have downgraded this enterprise software company’s shares to a sell rating with an increased price target of $8.20. The broker has been looking through TechnologyOne’s half year update and notes that its revenue fell a touch short of its expectations. This may make it difficult for it to deliver on its full year expectations. Outside this, the broker has concerns over its lofty valuation. Prior to today, its shares were trading at 51x estimated full year earnings. At the time of writing they are changing hands for $9.70.
Treasury Wine Estates Ltd (ASX: TWE)
A note out of the Macquarie equities desk reveals that its analysts have retained their underperform rating but lifted the price target on this wine company’s shares slightly to $9.60. The broker notes that other wine producers have seen an uptick in demand in China recently. While this is a positive, it does have concerns that Treasury Wine Estates could be hit with tariffs given the frosty Australia-China relationship. The company’s shares are trading at $9.82 this afternoon.
Those may be the shares to sell, but these are the dirt cheap shares that analysts have given buy ratings to…
5 cheap stocks that could be the biggest winners of the stock market crash
Investing expert Scott Phillips has just named what he believes are the 5 cheapest and best stocks to buy right now.
Courtesy of the crashing stock market, these 5 companies are suddenly trading at significant discounts to their recent highs… creating what could be incredible opportunities for bargain-hungry investors.
Simply click here to scoop up your FREE copy and discover the names of all 5 cheap shares to buy now… before the next stock market rally.
More reading
- The latest ASX stocks hit by broker downgrades today
- ASX 200 down 0.2%: Afterpay hits a record high, Aristocrat Leisure update disappoints
- Why ASX 200 iron ore miners are your best bet for dividends right now
- How to invest $1,000 in ASX 200 shares like Warren Buffett today
- Why I’d invest $1,000 in this ASX tech share today
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post Top brokers name 3 ASX 200 shares to sell today appeared first on Motley Fool Australia.
from Motley Fool Australia https://ift.tt/3e8FbwX
Leave a Reply