With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.
Three top ASX shares leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:
Ramsay Health Care Limited (ASX: RHC)
According to a note out of Goldman Sachs, its analysts have retained their buy rating and $74.00 price target on this private healthcare operator’s shares. Goldman notes that Ramsay has signed an agreement to acquire UK based mental health services provider Elysium for $1.4 billion. The broker highlights that the transaction fits with Ramsay’s stated focus on mental health. Outside this, Goldman believes Ramsay is one of the more attractive recovery trades across its coverage. The Ramsay share price is trading at $68.54 on Monday.
Santos Ltd (ASX: STO)
A note out of Ord Minnett reveals that its analysts have retained their buy rating and lifted their price target on this energy producer’s shares to $8.45. This follows its merger with Oil Search, which became effective late last week. Ord Minnett is a fan of the merger and sees a lot of value in the Santos share price at the current level after reworking its valuation model to incorporate the Oil Search business. The Santos share price is fetching $6.60 on Monday afternoon.
Treasury Wine Estates Ltd (ASX: TWE)
Analysts at Citi have retained their buy rating and $13.80 price target on this wine company’s shares. According to the note, the broker was pleased to see US rival Duckhorn Portfolio recently release a strong first quarter update. Citi feels this points to strong demand for luxury wine from consumers in the key US market, which has positive implications for Treasury Wine’s performance. The Treasury Wine share price is trading at $12.07 this afternoon.
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
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More reading
- What’s the outlook for ASX healthcare shares in 2022?
- Ramsay (ASX:RHC) share price lower after announcing $1.4bn Elysium acquisition
- $22 billion of newly merged Santos shares are fronting the ASX this morning. Here’s what you need to know
- 5 things to watch on the ASX 200 on Monday
- Morgans names 2 ASX 200 shares to buy
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 recommended Ramsay Health Care Limited and Treasury Wine Estates Limited. 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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