Given how 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 that leading brokers have named as buys this week are listed below. Hereâs why they are bullish on them:
Aristocrat Leisure Limited (ASX: ALL)
According to a note out of Citi, its analysts have retained their buy rating and $41.20 price target on this gaming technology companyâs shares. The broker notes that digital bookings showed signs of rebasing in November. Citi sees this as a positive, particularly given that its Pixel United business continues to outperform peers. Outside this, the broker continues to view Aristocratâs land-based business as well positioned and remains optimistic on the real money gaming opportunity. The Aristocrat share price is trading at $33.69 this afternoon.
BHP Group Ltd (ASX: BHP)
A note out of Macquarie reveals that its analysts have retained their outperform rating and lifted their price target on this mining giantâs shares to $50.00. Macquarie made the move after lifting its estimates to reflect stronger than expected iron ore prices. However, based on current spot prices, these estimates could yet prove conservative. Macquarieâs current estimates imply the payment of a fully franked 6.1% dividend yield in FY 2023. The BHP share price is currently fetching $47.00.
HMC Capital Ltd (ASX: HMC)
Analysts at Morgans have retained their add rating on this property development companyâs shares with a trimmed price target of $5.85. Morgans highlights that HMCâs shares haven fallen heavily due to weakness in the REIT sector this year. It feels that this has created a buying opportunity. The broker points out that it has a capital light business model and a track record for executing on complex deals. The HMC share price is trading at $4.46 on Monday.
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
FREE Guide for New Investors
Despite what some people may say – we believe investing in shares doesn’t have to be overwhelming or complicated…
For over a decade, we’ve been helping everyday Aussies get started on their journey.
And to help even more people cut through some of the confusion “experts’” seem to want to perpetuate – we’ve created a brand-new “how to” guide.
Yes, Claim my FREE copy!
*Returns as of November 7 2022
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- 3 ‘strong’ ASX 200 dividend shares for 2023 revealed: expert
- 5 things to watch on the ASX 200 on Monday
- Could the VAS ETF outperform the BHP share price in 2023?
- These are the explosive ASX growth shares to buy for 2023 according to experts
- Why did ASX 200 iron ore shares like BHP have such a cracking Friday
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 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.
from The Motley Fool Australia https://ift.tt/6DvT0j8
Leave a Reply