If you’re looking for shares to buy in September, then you may want to look at the two listed below.
Here’s why these ASX 200 shares could be in the buy zone right now:
Breville Group Ltd (ASX: BRG)
The first ASX 200 share to look at is this appliance manufacturer. It is responsible for brands including Breville, Kambrook, and Sage.
Breville was a very strong performer again in FY 2021, outperforming its guidance. Earlier this month, the company revealed a 24.7% increase in revenue to $1,187.7 million and a 39.6% jump in EBIT to $136.6 million.
Driving this impressive growth was its ongoing international expansion and strong demand for whitegoods such as cooking equipment and coffee machines. The latter is being supported by trends including working from home.
The team at UBS appear to believe this positive form can continue. As a result, this month the broker retained its buy rating and $35.70 price target on its shares.
IDP Education Ltd (ASX: IEL)
Another ASX 200 share to look at is this leading provider of international student placement and English language testing services.
IDP Education has a strong market position across Australia and globally. It also recently bolstered its position in the key India market with an acquisition. It has acquired the British Council’s Indian International English Language Testing System for ~A$240 million. Positively, this deal is forecast to be significantly accretive to earnings both pre and post synergies.
And while the pandemic is having a negative impact on the company’s operations, analysts are tipping it to bounce back strongly once trading conditions return to normal.
For example, Goldman Sachs is very positive on IDP Education. So much so, earlier this month it put a buy rating and $34.00 price target on its shares. Its analysts are expecting strong earnings growth in the coming years.
Goldman explained: “Our 3-yr EPS CAGR of 69% justifies our Buy rating in our view. The growth profile is likely to be enhanced by potential future acquisitions, which are not included in our earnings forecasts. These may include further consolidation of the IELTS market.”
The post 2 excellent ASX 200 shares named as buys for September appeared first on The Motley Fool Australia.
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More reading
- These 3 ASX 200 shares are the most traded this Tuesday
- Here are the top 10 ASX 200 shares on Tuesday
- Woolworths (ASX:WOW) share price history: What caused the biggest ups and downs?
- Why the Qantas (ASX:QAN) share price has beaten the ASX 200 in the last year
- The latest ASX shares to be hit by a broker downgrade
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 Idp Education Pty Ltd. 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 Bruce Jackson.
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