Buy, hold, sell: Symal, Vicinity Centres, NAB shares

S&P/ASX 200 Index (ASX: XJO) shares closed 0.39% lower at 8,657.8 points on Tuesday.

Let’s take a look at the latest expert ratings on three ASX shares.

Symal Group Ltd (ASX: SYL)

The Symal share price finished yesterday’s session 0.78% higher at $2.60.

In a new note, Morgans maintained its buy rating on this ASX industrial share with a 12-month target of $3.35.

The broker commented:

SYL’s recent investor day left us with the impression that the pipeline of potential work is immense, as the business progresses its $7.5bn of recently tendered work, along with a further $1.4bn of projects in early contractor involvement (‘ECI’).

Across the key verticals of infrastructure, digital, energy and defence, the total addressable market continues to grow, which along with M&A, could see the business delivering early on its FY30 aspirational EBITDA target of $200m.

Given SYL’s history of winning approximately one out of four tenders and no sign of Government investment budgets abating, the investment thesis for SYL as the ‘picks and shovels’ of the infrastructure build out remains intact.

Vicinity Centres (ASX: VCX)

The Vicinity Centres share price closed 0.78% lower at $2.55 on Tuesday.

Vicinity Centres is a major retail property group with $24 billion in assets under management.

It has interests in 51 shopping centres and manages 26 assets for Strategic Partners.

Ord Minnett reiterated its hold rating after the real estate investment trust (REIT) announced a $400 million purchase.

The broker said: 

Vicinity Centres has acquired a shopping centre in Eastern Creek in Sydney’s west for $400 million, implying a 5.7% yield after costs and a capitalisation rate of 6%.

The asset was recently developed and is almost fully leased (~99.5%), which underscores its quality and income stability.

The broker added:

At the portfolio level, Vicinity remains well positioned, supported by low gearing and relatively stable earnings growth.

The stock is trading broadly in line with fair value, around our $2.50 price target, so we maintain a Hold recommendation.

National Australia Bank Ltd (ASX: NAB) 

The NAB share price closed 0.76% lower at $37.99 yesterday.

As we’ve reported, the ASX 200 bank shares are facing many headwinds today.

Consumer confidence is at a five-year low; higher inflation and interest rates are expected; and the jobs market weakened last month.

On top of that, we are yet to see the full impact of the global oil shock, and capital gains tax changes ahead may impact lending growth.

Morgan Stanley reiterated its sell rating on NAB shares this week.

Analyst Richard Wiles gives NAB shares a 12-month target of $37.20.

The post Buy, hold, sell: Symal, Vicinity Centres, NAB shares appeared first on The Motley Fool Australia.

More reading

• How do ASX dividend shares compare to savings deposit rates today?
• Morgan Stanley tips 5% earnings downgrades for ASX 200 bank shares. Here’s why
• If I invest $8,000 in NAB shares, how much passive income will I receive in 2027?
• Thinking about dividend yields? Here’s how much the top 10 ASX 200 shares pay
• Here’s a 9% ASX dividend stock to consider for a monthly passive income

Motley Fool contributor Bronwyn Allen 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.