Day: April 21, 2022

Analysts name 3 ASX 200 shares to buy now

A man sees some good news on his phone and gives a little cheer.

A man sees some good news on his phone and gives a little cheer.

If you’re interested in adding some S&P/ASX 200 Index (ASX: XJO) shares to your portfolio, then the three listed below could be top options.

These ASX 200 shares have been named as buys with meaningful upside potential. Here’s what you need to know about them:

Seek Limited (ASX: SEK)

The first ASX 200 share that could be a buy is this leading job listings company. Seek appears well-positioned for growth thanks to its leadership position in the ANZ market, strong pricing power, and exposure to the region’s recovery from the COVID-19 pandemic.

Morgan Stanley is a fan of Seek. Its analysts currently have an overweight rating and $36.00 price target on its shares. It expects Seek to benefit from the tight labour market and higher than normal rates of job churn.

TechnologyOne Ltd (ASX: TNE)

Another ASX 200 share to look at is enterprise software provider TechnologyOne. It is currently transitioning to become a software-as-a-service (SaaS) focused business. Pleasingly, management has a lot of confidence in the transition and is aiming to almost double its annual recurring revenue (ARR) to $500 million by FY 2026.

The team at Goldman Sachs is very positive on Technology One. So much so, this week the broker initiated coverage on the company’s shares with a buy rating and $14.00 price target. Goldman believes the risks are to the upside for TechnologyOne’s ARR target.

Westpac Banking Corp (ASX: WBC)

A final ASX 200 share that could be in the buy zone is Westpac. Australia’s oldest bank has seen its shares underperform peers materially over the last six months. This is unwarranted according to analysts at Morgans, which see “considerable value” in the bank’s shares. Especially given its “expectation of significant cost out by FY24F.”

Morgans has an add rating and $29.50 price target on the bank’s shares.

The post Analysts name 3 ASX 200 shares to buy now appeared first on The Motley Fool Australia.

Wondering where you should 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 over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

More reading

Motley Fool contributor James Mickleboro owns NEXTDC Limited and SEEK Limited. 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 SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/kdeVixt

Here are the top 10 ASX shares today

Computer key - Top 10 ASX todayComputer key - Top 10 ASX today

Today, the S&P/ASX 200 Index (ASX: XJO) moved closer to its all-time high of 7,632 points as the market rallied for the fifth day in a row. At the end of the session, the benchmark index finished 0.31% higher at 7,592.8 points.

Positive sentiment was alive and well inside the Aussie share market today. Nearly 70% of shares in the ASX 200 closed the day higher. The biggest gains could be found across the industrials and real estate sectors.

On the flip side, it was a difficult day for tech and mining companies. The hardest-hit share out of the entire bunch was cloud interconnectivity company Megaport Ltd (ASX: MP1), falling 21%.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Challenger Ltd (ASX: CGF) was the biggest gainer today. Shares in the financial services company appreciated by 9.81% following the release of its quarterly update. Find out more about Challenger here.

Following closely behind today was supply chain equipment pooling company, Brambles Ltd (ASX: BXB). A relatively positive quarterly trading update left investors pleased, translating into a 7.98% rise in shares by the end of the day. Uncover the latest Brambles details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company Share price Price change
Challenger Ltd (ASX: CGF) $7.50 9.81%
Brambles Ltd (ASX: BXB) $10.82 7.98%
Lendlease Group (ASX: LLC) $12.06 5.05%
Viva Energy Group Ltd (ASX: VEA) $2.72 4.62%
Cochlear Ltd (ASX: COH) $236.16 3.94%
Qantas Airways Ltd (ASX: QAN) $5.64 3.87%
AMP Ltd (ASX: AMP) $1.085 3.83%
Ramsay Health Care Ltd (ASX: RHC) $82.99 3.74%
Zimplats Holdings Ltd (ASX: ZIM) $33.51 3.71%
Centuria Capital Group (ASX: CNI) $2.84 3.27%
Data as at 4:00pm AEST

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

Wondering where you should 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 over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

More reading

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Cochlear Ltd. and MEGAPORT FPO. The Motley Fool Australia has recommended Challenger Limited, Cochlear Ltd., MEGAPORT FPO, and Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/NbCRoBO

Gold discovery sends this ASX mining share soaring 35%

a man wearing a gold shirt smiles widely as he is engulfed in a shower of gold confetti falling from the sky. representing a new gold discovery by ASX mining share OzAurum Resourcesa man wearing a gold shirt smiles widely as he is engulfed in a shower of gold confetti falling from the sky. representing a new gold discovery by ASX mining share OzAurum Resources

ASX mining share Iceni Gold Ltd (ASX: ICL) surged today after the company revealed drilling had intersected gold at its Everleigh Well.

The company’s shares shot up 34.78% and finished the day at 15.5 cents. In afternoon trade, shortly after Iceni released the news, its shares surged by as much as 39% to 16 cents.

Let’s take a look at what this ASX mining share announced today.

Gold intersected

In an announcement to the ASX this afternoon, Iceni revealed gold was intersected in drilling at the Everleigh Well target area of the 14 Mile Well gold project area. This project is located in Laverton, Western Australia.

At hole FMDD0032, drilling intersected a “broad zone of structural disruption”. Gold was found at a downhole depth of 224.6 metres.

Iceni said geological analysis of structures, alteration, and gold associated with sulphides is “highly encouraging”.

Commenting on the results in a statement signed off by the board of the ASX mining share, the company said:

The observation of native gold associated with sulphides is significant as it demonstrates the structures at this location are carrying gold mineralisation.

This result opens up the potential for the Castlemaine Fault to host gold.

Iceni will do further analysis of the drill core to get a better insight into the geology and mineral system of the Everleigh target area.

This company considers a 30km long stretch within the project to be prospective for gold mineralisation.

Assay results for the drill hole are expected at the end of quarter two.

Iceni Gold share price summary

The Iceni Gold share price has plummeted 34% in the past year, while it has fallen 16% in the year to date. However, in the past month, this ASX mining share has rocketed by nearly 35%.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has returned more than 8% in the past year.

Iceni Gold has a market capitalisation of 19.9 million based on its current share price.

The post Gold discovery sends this ASX mining share soaring 35% appeared first on The Motley Fool Australia.

Should you invest $1,000 in Iceni Gold right now?

Before you consider Iceni Gold, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Iceni Gold wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

More reading

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.

from The Motley Fool Australia https://ift.tt/yUrwWe0

3 ASX All Ordinaries shares rocking all-time highs today

An older man with white hair in an Elvis-style white suit rocking out.An older man with white hair in an Elvis-style white suit rocking out.

Well, it was another top day of trading today for the All Ordinaries Index (ASX: XAO). The All Ords ended up finishing this Thursday at just under 7,900 points, its highest level since January.

But it was an even better day for some ASX All Ords shares. So here are three that managed to hit new all-time highs over today’s session.

3 All Ordinaries shares that just hit a new record high

Johns Lyng Group Ltd (ASX: JLG)

Building company Johns Lyng Group is our first share that’s had a happy occasion today. This All Ords share started trading at $9.10 a share this morning, but rose to $9.33 just before noon. That’s a new record high for Johns Lyng, and a long way from the company’s 52-week low of $3.86 a share.

There hasn’t been any official news out from the company that might explain this move. However, a top fund manager in WAM has just revealed why they like the company, which may have influenced today’s share price movements. Today’s move means that the Johns Lyng share price is now up an impressive 134% over the past 12 months.

The company closed just below this new high watermark at $9.22, up a healthy 2.67%.

Stanmore Resources Ltd (ASX: SMR)

All Ords mining company Stanmore Resources is up next today. This metallurgical coal share ended up closing at $2.11 today, up a pleasing 5.5%. That’s despite no new news out from the company.

But earlier in today’s session, Stanmore Resources hit a new all-time high of $2.14 a share. Again, that puts the company a long way from its 52-week low of just 30 cents. Over the past 12 months, Stanmore shares have gained a whopping 230%.

Aussie Broadband Ltd (ASX: ABB)

Fledgling All Ordinaries telco Aussie Broadband is our final share worth checking out today. In Aussie’s case, we saw an initial spike in trading today that is responsible for this company’s new all-time high of $6.03. That’s despite no news out of Aussie over April so far.

The shares ended up closing at $5.95 though, still up by 0.68% today. Aussie Broadband’s 95.4% return over the past 12 months has no doubt been pleasing for investors, who endured a 52-week low of $2.46 a share last year.

The post 3 ASX All Ordinaries shares rocking all-time highs today appeared first on The Motley Fool Australia.

Wondering where you should 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 over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

More reading

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Aussie Broadband Limited. The Motley Fool Australia has recommended Aussie Broadband Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/QoisZVk