Day: 12 May 2022

It’s another day, another fall so far this Thursday for the S&P/ASX 200 Index (ASX: XJO). At the time of writing, the ASX 200 is down by another 1.67% to back well under 7,000 points.

But instead of dwelling on that sobering metric, let’s instead take a look at the shares currently topping the ASX 200’s share volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

Whitehaven Coal Ltd (ASX: WHC)

ASX 200 coal miner Whitehaven is our first share to check out this Thursday. So far today, a sizeable 13.13 million Whitehaven shares have found a new home. There hasn’t been any major news out of the company today, save for a routine share buyback notice. However, this company has endured some significant volatility.

Initially, Whitehaven shares rose strongly this morning, going as high as $5.11 a share. However, investors seem to have gotten cold feet and have subsequently re-valued the company at $4.91 a share at the time of writing, down 1.41%. It’s this bouncing around that has probably led to so many Whitehaven shares trading today.

Telstra Corporation Ltd (ASX: TLS)

Telstra is our next ASX 200 share to take a glance at today. This telco has had a notable 16.23 million shares trade on the markets thus far. Again, we don’t have too much out of Telstra itself today to go off, save for some share buyback notices. This could be contributing to volumes itself. But it’s probably Telstra’s not-insignificant fall that is behind most of this trading. Telstra is currently down by 1.15% at $3.86 a share. That puts the company’s 2022 performance thus far at a depressing loss of 8.4%.

Pilbara Minerals Ltd (ASX: PLS)

From TLS to PLS! Pilbara Minerals is our final and most traded share of the day this Thursday. This ASX 200 lithium stock has had 18.66 million of its shares trade hands as it currently stands. We haven’t had any news out of Pilbara today, indeed all month. So we have to assume that this volume is the result of the nasty selloff Pilbara has suffered through. The company is currently down another painful 5.73% at $2.47 a share. That puts Pilbara’s losses over the past month at a whopping 16.5%.

The post Here are the 3 most heavily traded ASX 200 shares on Thursday appeared first on The Motley Fool Australia.

More reading

• Why are these ASX coal shares having a top run today?
• If you’d bought $10,000 of Pilbara Minerals shares 10 years ago, congratulations! Here’s what you’d have now
• Blockdown! Why is the Block share price crashing by 16% today?
• ASX 200 midday update: CBA’s Q3 update impresses, Xero and Block crash
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation 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 positions in and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The AGL Energy Limited (ASX: AGL) share price is in the green on Thursday. That’s despite environmental group Greenpeace rebutting claims made by the company’s management.

Greenpeace Australia Pacific’s Glenn Walker slammed the company’s refusal to exit coal by 2030, saying AGL has “the memory of a goldfish and the agility of an elephant at a time which calls for the opposite”.

At the time of writing, the AGL share price is $8.30, 1.34% higher than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is currently down 1.63%.

Let’s take a closer look at the latest push back to the company’s split.

AGL slammed for refusing to ditch coal this decade

The AGL share price is recovering from its previous four-session tumble on Thursday.

Meanwhile, Greenpeace has gone head-to-head with the company after it reportedly claimed ditching coal by 2030 is an “engineering impossibility”.

AGL’s management said that, to exit coal-fired power generation by the end of the decade, it would need to build twice as many wind farms over the next five years as it did over the prior five years, reports The Australian.

It also reportedly claimed transitioning to renewables by 2030 would require $30 billion and an area twice the size of the ACT.

“Time and time again, they have been caught with their pants down by the rapidly accelerating energy transition,” Walker rebutted.

AGL plans to shutter its Bayswater coal-fired power plant by 2033 and its Loy Yang A plant by 2045.

The AGL share price tumbled 3% amid the company’s decision to bring those dates forward by two and three years respectively in February.

But many environmental advocates believe that’s not soon enough. Walker continued:

AGL CEO Graeme Hunt claims that renewables cannot be built twice as fast as the past five years but that is exactly what the vast majority of his peers in the energy sector believe will happen …

This outdated adherence to coal is the same disastrous mistake repeated yet again, at the expense of shareholders, customers, the climate, and all Australians.

Walker also labelled the company’s planned split “dodgy” and “the latest in a long line of terrible decision making”.

The demerger would see AGL’s energy generation assets run by Accel Energy. Meanwhile, its retail business would be operated by AGL Australia.

Walker has previously dubbed the split “a turd rolled in glitter“.

AGL share price snapshot

Today’s gains included, the AGL share price is almost 32% higher than it was at the start of 2022.

Though, it has fallen 4.6% since this time last year.

The post AGL share price lifts despite Greenpeace accusing leadership of being ‘caught with their pants down’ appeared first on The Motley Fool Australia.

More reading

• Is Cannon-Brookes getting ready to pitch a third takeover bid for AGL shares?
• Own AGL shares? Expert warns Cannon-Brookes’ stake might not be all it seems
• Cannon-Brookes warns AGL dividends at risk from demerger
• AGL share price makes partial recovery as expert declares demerger favourable
• AGL share price follows market lower despite demerger milestone

Motley Fool contributor Brooke Cooper 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 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 Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) is back heading south again on Thursday afternoon. At the time of writing, the benchmark index is down 1.5% to 6,961 points.

Four ASX shares that are falling more than most are listed below. Here’s why they are dropping:

Block Inc (ASX: SQ2)

The Block share price is down a massive 17% to $101.08. This follows a similarly sharp decline for the payments giant’s NYSE listed shares on Wall Street overnight. Block appears to have been caught up in a tech selloff in the United States amid concerns over sky high inflation.

IDP Education Ltd (ASX: IEL)

The IDP share price is down over 9% to $22.69. Investors have been selling this language testing and student placement company’s shares after it announced the resignation of its long-serving CEO, Andrew Barkla. He will be stepping down from the role in September after more than seven years at the helm. A global search for a replacement will now get underway.

Monash IVF Group Ltd (ASX: MVF)

The Monash IVF share price is down 5.5% to $1.10. This follows the release of a trading update out of the fertility treatment company. That update revealed that the current environment has negatively impacted stimulated cycle activity and profitability between January to April as patients defer treatment. As a result, Monash IVF’s adjusted net profit after tax is expected to be $22 million in FY 2022. This will be down from $23.3 million in FY 2021.

Xero Limited (ASX: XRO)

The Xero share price is down 12% to $76.53. Investors have been selling the cloud accounting platform provider’s shares amid weakness in the tech sector and the release of its full-year results. In respect to the latter, Xero reported a 29% increase in revenue to NZ$1.1 billion and an 11% lift in earnings before interest, tax, depreciation and amortisation (EBITDA) to NZ$212.7 million. However, this fell short of Goldman Sachs’ estimates, as did its subscriber growth.

The post Why Block, IDP Education, Monash IVF, and Xero shares are dropping appeared first on The Motley Fool Australia.

More reading

• Blockdown! Why is the Block share price crashing by 16% today?
• Thursday thrashing: ASX tech shares tumble
• ASX 200 midday update: CBA’s Q3 update impresses, Xero and Block crash
• Zip share price tumbles 5% to another multi-year low
• How much further can ASX 200 tech shares tumble? Macquarie weighs in

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 positions in and has recommended Block, Inc., Idp Education Pty Ltd, and Xero. The Motley Fool Australia has positions in and has recommended Block, Inc. and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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When it comes to founder-led companies, many ASX investors like to keep a close tab on whether that founder has been buying or selling shares in their own company. If a founder is indeed buying up shares, it can be a strong signal that it might be a good time to follow suit. Conversely, many investors don’t like to see their founder selling shares, as it can be perceived as a vote of no confidence. Luckily for ASX investors of WAM Capital Limited (ASX: WAM) shares, its founder has been going down the former path of late.

WAM Capital is one of the largest and most popular listed investment companies (LICs) on the ASX. It was founded by the eponymous Geoff Wilson’s Wilson Asset Management (the WAM in WAM Capital) back in 1999. Since then, its portfolio has returned an average of 15.8% per annum (before fees).

WAM Capital’s ASX founder is buying shares

But eagle-eyed investors might have picked up on a recent trend. According to a series of ASX notices, Wilson has been buying WAM Capital shares, and quite enthusiastically too. According to WAM’s ASX releases, Wilson (through subsidiaries) has bought six parcels of WAM Capital shares over May thus far (which works out to be one buy every two days on average).

These were all buys ranging from between $20,000 and $69,000.

It comes after Wilson did a similar rate of selling shares over March. The difference is that Wilson was selling WAM Capital shares when they were being priced at around $2.25. Most of the more-recent buys were instead revolving around the $2.05 mark. That’s your classic ‘buy low, sell high’ play. Wilson might continue his buying spree going forward too. At the current time, WAM Capital shares are worth $2.02.

WAM only releases the net tangible asset (NTA) value of its shares once every month. The last disclosed NTA of WAM Captial shares was $1.73 per share. But that was as of 31 March. Given the volatility we’ve seen on the ASX over April and now into May, this value has probably fluctuated quite a bit.

So Geoff Wilson clearly thinks his own WAM Capital is a buy right now. He’s certainly been buying at any rate. No doubt WAM Capital’s ASX investors will appreciate this show of confidence.

The post WAM Capital’s ASX founder has been buying shares. Here’s what we know appeared first on The Motley Fool Australia.

More reading

• 13%? Why some ASX LICs have such high dividend yields
• 2 ASX shares rated ‘buy’ by this top fund manager

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. 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 Scott Phillips.

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Since Fortescue Future Industries entered the fray as a subsidiary of Fortescue Metals Group Limited (ASX: FMG), there have been plenty of discussions about how it will bring its green hydrogen vision to reality.

From the outset, the green energy company’s goal of producing 15 million tonnes per year of green hydrogen by 2030 has been met with some scepticism. Given the current uneconomical structure for producing green hydrogen, these beliefs aren’t without some reason.

Last week, the Smart Energy Expo in Sydney provided some additional context to the hydrogen challenge. So, are the Fortescue Future Industries (FFI) aspirations really possible?

What does Fortescue Future Industries need to do?

Scaling a nascent ‘fuel’ is not something that can be done overnight. By the International Energy Agency’s (IEA) estimates, less than 0.1% of global hydrogen production is via water electrolysis. As such, going from zero to one will be a challenge for FFI — but, how much of a challenge?

Well, according to FFI New South Wales manager, Joshua Moran, there’s a lot of work to be done. For production to reach the target of 15 million tonnes per annum, Fortescue Future Industries will need 450 gigawatts of renewable electricity generation.

The above number may not have much meaning when listed by itself, but here’s the kicker. The International Renewable Energy Agency estimates that only 225 gigawatts of renewable energy were installed across the entire world last year.

Furthermore, Moran shared that 150 gigawatts worth of electrolysers will also be needed to make the operation a reality. Remarkably, this would be equivalent to roughly half of the entire electrolyser capacity in the world by 2030, according to Jefferies.

While this all seems pessimistic, it is important to keep in mind the potential for exponential ramping. Currently, the global rate of production of electrolyser capacity is 1 gigawatt to 2 gigawatts per year. There is a chance this rate could exponentially grow as renewables become cheaper.

According to IEA, the cost of green hydrogen production could fall by 30% by 2030. This is on the basis of realised economies of scale.

Progress so far

Already this year, Fortescue Future Industries have been busy pushing the needle forward on its new clean dream. A milestone moment for the company occurred with the commencement of construction of its first electrolyser facility in Gladstone, Queensland.

In March, FFI announced a partnership with Airbus to collaborate on developing green hydrogen for use in the aviation industry.

Meanwhile, the company has also earmarked Papua New Guinea and Argentina as potential locations for future green hydrogen projects.

However, Fortescue Future Industries is yet to produce any green hydrogen to date. FFI’s parent company, ASX-listed Fortescue Metals Group, is trading 21% below where it was a year ago.

The post Is the Fortescue Future Industries hydrogen dream more fantasy than feasible? appeared first on The Motley Fool Australia.

More reading

• Why is the Fortescue share price rebounding today?
• Why are ASX 200 mining shares in the green today?
• Why are ASX 200 mining share prices slipping today?
• Fortescue share price dives another 3%, down 12% in a week
• Could Fortescue Future Industries’ green hydrogen help Europe ditch Russian energy?

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. 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 Scott Phillips.

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The National Australia Bank Ltd (ASX: NAB) share price is moving higher today amid news the big four ASX bank wants to buy the banking segment of Suncorp Group Ltd (ASX: SUN).

At the time of writing, NAB shares are trading up 0.69% at $30.74 apiece.

NAB is one of the largest banks alongside Australia and New Zealand Banking Group Ltd (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), and Westpac Banking Corp (ASX: WBC). Both ANZ and Westpac are in the red today, while CBA is 0.58% higher.

NAB seems interested in making bolt-on acquisitions to increase the size of its consumer division. It recently bought the Australian consumer division of Citigroup. The purchase price is the net assets of the business, plus a premium of $250 million. At the time of the announcement, the required equity was approximately $1.2 billion.

NAB’s interest in Suncorp Bank

According to reporting by the Australian Financial Review, if Suncorp decides to put up its banking division for sale then NAB would be interested in trying to buy it.

The newspaper reported that NAB’s leadership has “informally” told Suncorp’s management about the interest.

The approach was reportedly so that Suncorp’s board would know there was a large potential bidder that would be serious if a sale process were to proceed.

It’s possible that a potentially enlarged NAB is a reason that investors are sending the NAB share price higher.

How much would this add to the big four bank?

In its quarterly update for the three months to 31 March 2022, Suncorp reported that its total housing loans were $48 billion (up 1.7% over the quarter). It also had $11.3 billion of business loans, up 0.8% for the quarter.

The Suncorp Bank impairment expense was $1 million for the quarter. Suncorp Bank CEO Clive van Horen said its lending portfolio continued to be “high-quality and conservatively positioned”.

It was also noted that turnaround times were “consistently competitive” over that quarter, reflecting “continued delivery of a targeted program of work to improve customer and broker experiences”.

Wouldn’t other banks be interested?

It’s possible that banks other than just NAB would be interested in acquiring the Suncorp Bank business.

The AFR suggested that each of the big four ASX banks of NAB, CBA, Westpac, and ANZ would be interested. However, for varying reasons, NAB may be the best-placed candidate.

The newspaper noted that CBA may be too large to buy the business due to competition reasons. Therefore, CBA could attract the attention of the Australian Competition and Consumer Commission (ACCC). Westpac’s “painful” restructuring could mean it isn’t in a position to make an acquisition. The AFR said that ANZ is “in the doldrums”.

However, the newspaper did point out that Macquarie Group Ltd (ASX: MQG) could be a bit of a wildcard – the Macquarie banking division is looking to grow its mortgage book.

What would happen to Suncorp?

For starters, the company would have a few billion dollars to decide to return to shareholders and/or invest into its remaining business.

The company would then still have its insurance operations with multiple brands including AAMI, Bingle, Apia, Terri Scheer, Vero, and Asteron Life.

NAB share price snapshot

The NAB share price is up almost 7% this year to date and 16% over the past 12 months. However, it is down 6.5% over the past month and 5% over the past week.

The post NAB share price lifts amid Suncorp rumours appeared first on The Motley Fool Australia.

More reading

• Why GrainCorp, Link, NAB, and Pendal shares are sinking today
• The NAB share price is in reverse today. Here’s why
• What’s the outlook for ASX 200 bank shares amid rising interest rates?
• Looking to secure the latest NAB dividend. Here’s what you need to do
• Suncorp share price outperforms as home lending portfolio grows $800m

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Tristan Harrison 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 Macquarie Group Limited and Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is out of form again and tumbling lower. At the time of writing, the benchmark index is down 1.5% to 6,961 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price is up almost 1% to $102.31. This follows the release of the banking giant’s third-quarter update. For the three months ended 31 March, compared to the quarterly average during the first half, CBA reported a 1% decline in operating income to $6,103 million and flat cash earnings of $2,400 million. The latter was 9% ahead of the analyst consensus estimate.

Incannex Healthcare Ltd (ASX: IHL)

The Incannex Healthcare share price is up 11% to 40.5 cents. This morning the medicinal cannabis focused pharmaceutical company announced that it has entered into an agreement to acquire APIRx Pharmaceuticals. Based in the United States, APIRx is a leading pharmaceutical company specialising in cannabinoid active pharmaceutical ingredients and drug products.

Judo Capital Holdings Ltd (ASX: JDO)

The Judo Capital share price is up 7% to $1.74. This follows a positive reaction to the bank’s investor day update from a number of brokers. One of those brokers was Macquarie, which upgraded Judo Capital’s shares to an outperform rating with an improved price target of $2.15. Its analysts believe the company is well-placed to deliver above system growth over the coming years.

Orica Ltd (ASX: ORI)

The Orica share price is up 6% to $16.65. Investors have been buying this commercial explosives company’s shares following the release of its half-year results. Orica reported a 25% increase in revenue to $3,277 million. And while it posted a net loss after tax of $85 million, this was driven partly by a large tax expense. Underlying earnings before interest and tax was up 58% to $245 million.

The post Why CBA, Incannex, Judo Capital, and Orica shares are rising appeared first on The Motley Fool Australia.

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Shares of Tabcorp Holdings Ltd (ASX: TAH) are rangebound today and are currently less than 1% down at $5.03 apiece.

The Tabcorp share price has traded in a range of $4.975 –$5.065 to the point of writing in Thursday’s session.

What’s up with the Tabcorp share price today?

Shareholders had their chance to vote on the company’s decision to proceed to a demerger of The Lottery Corporation from Tabcorp.

Shortly after voting, it was revealed that Tabcorp shareholders have “overwhelmingly approved” the demerger.

Tabcorp Chairman, Steven Gregg was pleased on the result.

We are pleased to have received shareholder approval for the demerger of The Lottery Corporation from Tabcorp.

This is an important milestone in repositioning the Group’s portfolio and setting up Tabcorp and The Lottery Corporation for future success.

What now?

Tabcorp says that it will now seek orders from the Supreme Court of NSW for approval of the merger. The hearing is scheduled for Friday 20 May 2022.

“If the Scheme is approved by the Court,” Tabcorp says, “Tabcorp proposes to lodge a copy of the orders made by the Court with the Australian Securities and Investments Commission on Monday, 23 May 2022 and the Scheme will become effective on that date.”

“Subject to approval of the Scheme by the Court, The Lottery Corporation shares are expected
to begin trading on ASX on a deferred settlement basis on Tuesday 24 May 2022.”

Investors can determine their entitlements to The Lottery Corporation shares from 7pm (Sydney time) on Wednesday, 25 May 2022.

Tabcorp shares are less than 1% in the green for the last 12 months and are flat this year to date as well.

The post Tabcorp share price rangebound following lotto demerger vote appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
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Motley Fool contributor Zach Bristow 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 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 Scott Phillips.

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Investors are punishing the CSR Ltd (ASX: CSR) share price in Thursday’s session having pushed prices 9% lower on the day.

CSR shares are currently swapping hands at $5.20 apiece as downward pressure continues on the company from traders exiting positions en masse.

Volume is also 625% of its 4-week average amid a slew of broker downgrades, despite the majority of analysts still advocating to buy.

CSR share price revised down

Jefferies and Macquarie both levelled of their view of CSR in recent notes, both downgrading the company to neutral.

Analysts at Jefferies reckon there “is a period of capex catch-up ahead” in correspondence to clients and “…forecasts, the prospect of the current pipeline of work falling sharply”.

The broker also mentioned that headwinds in the housing market, such as interest rates and softening prices will also weaken new housing approvals.

It cut CSR to a hold at a $5.90 per share valuation, just behind Macquarie who values the share at $6.05 each.

Analysts at UBS were less pessimistic on the outlook, baking in a strong buy call that’s been retained for some time now by the Swiss investment bank.

Still, these three brokers would be going against the grain, even after the company’s full year earnings release yesterday.

At present, 75% of coverage has CSR as a buy right now, according to Bloomberg data. Whereas the remaining 25% advocate it to hold CSR shares.

The consensus price target from this list is $6.35 per share, implying a 22% upside potential should the bull thesis play out.

CSR share price snapshot

In the last 12 months the CSR share price has booked a 15% loss after extending another 11% into the red this year to date.

In fact across all major time frames CSR shares are in the red.

The post Why is the CSR share price plunging 9% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Zach Bristow 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 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 Scott Phillips.

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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of Macquarie, its analysts have retained their outperform rating and $44.00 price target on this gaming technology company’s shares. Macquarie is positive on Aristocrat due to its belief that the company is well-positioned to deliver solid growth in the coming years. This is thanks to strong performances from its existing businesses and potential M&A activity. The latter is supported by its cash balance of well over $1 billion. The Aristocrat share price is trading at $30.92 today.

Life360 Inc (ASX: 360)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating but slashed their price target on this location technology company’s shares to $5.50. Morgan Stanley continues to forecast strong recurring revenue growth from Life360. However, due to a de-rating in the tech sector, it has taken an axe to its valuation. But with price target this still offering material upside, it holds firm with its overweight rating. The Life360 share price is fetching $3.13 on Thursday.

Lifestyle Communities Limited (ASX: LIC)

Analysts at Goldman Sachs have retained their conviction buy rating and $24.50 price target on this retirement communities company’s shares. Goldman is very bullish on Lifestyle Communities due to Australia’s ageing population, structural growth in demand for land lease options, and fundamental valuation support for cap rates. The Lifestyle Communities share price is trading at $13.50 this afternoon.

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

More reading

• Thursday thrashing: ASX tech shares tumble
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• ASX 200 midday update: Magellan names its new CEO, Link shares crash

Motley Fool contributor James Mickleboro has positions in Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Inc. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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