At the mid cap side of the market there are a good number of options for investors to choose from.
In fact, so many, it can be hard to decide which ones to choose over others.
Two mid cap shares that come highly rated are listed below. Here’s what you need to know about them:
BINGO Industries Ltd (ASX: BIN)
BINGO is one of Australia’s leading waste management companies. It bolstered its offering last year with the game-changing acquisition of rival Dial a Dump Industries. This acquisition has allowed BINGO to be fully vertically integrated from collections to landfill. It also makes it the largest player in building and demolition waste in Sydney and has diversified its operations.
Last month analysts at UBS put a buy rating and $3.00 price target on the company’s shares. While COVID headwinds continue to weigh on its performance, it believes it is well-placed to benefit from several Federal Budget initiatives. The BINGO share price is currently fetching $2.74.
Damstra Holdings Ltd (ASX: DTC)
Damstra is a growing integrated workplace management solutions provider to multiple industry segments. It provides a cloud-based workplace management platform which is used by businesses globally to track, manage, and protect their workers and assets. Among its offering there are products which have become highly sought after in the current environment such as fever detection and mobility tracking. Like BINGO, the company also strengthened its offering with an acquisition recently. It acquired Vault Intelligence, which is a software company offering solutions which combine health, safety, compliance, and risk management.
One broker that is positive on the company’s prospects is Morgan Stanley. It has an overweight rating and $2.00 price target on Damstra’s shares. This compares to the current Damstra share price of $1.68.
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.
*Returns as of June 30th
More reading
- Why Althea, BWX, Damstra, & GrainCorp shares are charging higher
- Damstra (ASX:DTC) share price storms higher on AGM update
- Wilson Asset Management thinks these 2 small cap ASX shares are a buy
- Why Bingo, Evolution, JB Hi-Fi, & Super Retail shares are dropping lower
- The Bingo (ASX:BIN) share price dips on AGM
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 recommends Damstra Holdings Ltd. The Motley Fool Australia has recommended Damstra Holdings Ltd. 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 2 highly-rated ASX mid cap shares to buy appeared first on Motley Fool Australia.
from Motley Fool Australia https://ift.tt/38OVa3L
Leave a Reply