If you are looking to supercharge your portfolio’s returns, then it could be worth looking at the ASX 300 shares in this article.
That’s because analysts have named them as buys and tipped them to rise 35% and 65%. Here’s what you need to know about them:
Accent Group Ltd (ASX: AX1)
The first ASX 300 share that could deliver big returns over the next 12 months is Accent Group.
It is the footwear focused retailer behind store brands such as HypeDC, Stylerunner, Platypus, and The Athlete’s Foot. It also has exclusive distribution rights in Australia for a number of popular global brands.
Bell Potter thinks that Accent Group’s shares are cheap at current levels. The broker currently has a buy rating and $2.50 price target on them. Based on its current share price of $1.84, this implies potential upside of 36% for investors over the next 12 months.
In addition, the broker is forecasting fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. This equates to dividend yields of 7% and 7.9%, respectively.
Domino’s Pizza Enterprises Ltd (ASX: DMP)
This beaten down pizza chain operator’s shares could have major upside potential according to analysts at Ord Minnett.
According to a recent note, the broker has an accumulate rating and $61.00 price target on the ASX 300 share. This implies potential upside of 65% for investors between now and this time next year.
In addition, the broker is forecasting dividends per share of $1.08 in FY 2024 and $1.51 in FY 2025. This will mean dividend yields of 2.9% and 4.1%, respectively, for investors.
Regis Resources Ltd (ASX: RRL)
A third ASX 300 share that could deliver big returns for investors is Western Australia-based gold miner Regis Resources.
Despite the booming gold price, Regis Resources’ shares are down 14% since the start of the year.
Bell Potter thinks this could be a buying opportunity for investors. It highlights that it is “attracted to its all- Australian asset portfolio and organic growth options which are unique at this scale.”
In addition, its analysts see “key opportunities in the fundamental, medium-term outlook and, in our view, these may also make RRL an appealing corporate target in the current conducive M&A environment.”
Bell Potter has a buy rating and $2.80 price target on its shares. This implies potential upside of almost 50% for investors from current levels.
The post These ASX 300 shares could rise 35% to 65% appeared first on The Motley Fool Australia.
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More reading
- 2 of the best passive-income-focused ASX shares to consider buying in June
- Why BHP, Nufarm, Peninsula Energy, and Regis Resource shares are sinking today
- Buy these ASX shares and get 6% and 7% dividend yields
- 2 high-yield ASX stocks I’d buy for dividends
- 5 things to watch on the ASX 200 on Tuesday
Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Accent Group and Domino’s Pizza Enterprises. 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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