Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

Jumbo Interactive Ltd (ASX: JIN)

According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this lottery ticket seller’s shares to $20.75. This follows the announcement of the acquisition of UK-based external lottery manager, StarVale. Morgans is a fan of the deal and notes that it is consistent with management’s strategy of expanding its business in the UK and North America. All in all, the broker remains attracted to the company’s long-term growth potential, structural tailwinds, and balance sheet position. The Jumbo share price ended the week at $17.47.

Nearmap Ltd (ASX: NEA)

A note out of Citi reveals that its analysts have upgraded this aerial imagery technology and location data company’s shares to a buy rating with a $2.10 price target. Its analysts made the move on valuation grounds following recent share price weakness. In addition, the broker suspects that Nearmap’s cash burn could peak this year, which it feels could boost investor sentiment. The Nearmap share price was fetching $1.25 at Friday’s close.

REA Group Limited (ASX: REA)

Analysts at Goldman Sachs have retained their buy rating but trimmed their price target on this property listings company’s shares to $168.00. According to the note, the broker is expecting a half year result ahead of the market’s expectations next month from the realestate.com.au operator. Goldman estimates that REA grew its revenue and EBITDA by 40% and 30%, respectively during the second quarter. This is up from 35% and 27% growth during the first quarter. The REA share price ended the week at $142.00.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

More reading

• Is February 2022 the time to buy these 2 beaten-up ASX shares?
• Analysts name 2 ASX shares to buy right now
• Top broker tips REA (ASX:REA) shares as a buy ahead of a ‘very strong result’
• Why Beach, Jumbo, Premier Investments, and Western Areas are pushing higher
• Jumbo Interactive (ASX:JIN) share price leaps 6% on acquisition announcement

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 and has recommended Jumbo Interactive Limited and Nearmap Ltd. The Motley Fool Australia owns and has recommended Nearmap Ltd. The Motley Fool Australia has recommended Jumbo Interactive Limited and REA Group 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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If you’re wanting to diversify your portfolio with a little bit of exposure to the mining sector, then you may want to look at the ASX 200 mining shares listed below.

Here’s what analysts are saying about them:

Allkem Ltd (ASX: AKE)

The first ASX 200 mining share that could be in the buy zone in February is Allkem. It is the company that was formed from the merger of two leading lithium miners – Galaxy Resources and Orocobre.

Allkem is now a top five global lithium miner with a collection of world class operations. These include Olaroz, the Cauchari Lithium Project Joint Venture, Mt Cattlin, the Sal de Vida brine project, and the James Bay spodumene project.

Morgans is bullish on the Allkem and recently upgraded its shares to an add rating with a $13.25 price target. The broker notes that the company is its “preferred stock for lithium exposure.” This is due to it having a “strong December quarter and a long growth runway.” The Allkem share price was fetching $9.04 at Friday’s close.

BHP Group Ltd (ASX: BHP)

Another ASX 200 mining share to look at is BHP. It is one of the world’s largest mining companies with a collection of world class operations across a number of regions and commodities.

BHP’s operations span across Petroleum, Potash, Copper, Iron ore, Coal and Nickel. And while the company is in the process of spinning out its petroleum assets via a merger with Woodside Petroleum Limited (ASX: WPL), shareholders will be given a slice of the new company.

In addition, the Big Australian has been tipped to go on an M&A spree now that it has freed up capital following its unification. This could be supportive of earnings and dividend growth in the coming years.

The team at Macquarie is very positive on BHP. It has an outperform rating and $51.00 price target on the company’s shares.

In addition, the broker expects some generous dividend payments over the next couple of years. It has pencilled in fully franked dividends of ~$3.59 in FY 2022 and ~$2.62 in FY 2023. Based on the current BHP share price of $46.92, this will mean yields of 7.6% and 5.6%, respectively.

The post Analysts name 2 ASX 200 mining shares to buy in February appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares are topping the volume charts this Friday
• Is the BHP (ASX:BHP) share price a buy in all of this volatility?
• Why is the BHP (ASX:BHP) share price leaping ahead today?
• 2 ASX shares to guide you out of this bloodbath: expert
• 2 ASX dividend shares with fully franked 7% yields

Motley Fool contributor James Mickleboro owns Allkem. 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 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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