Buy, hold, sell: IPD, Kogan, Rio Tinto shares

S&P/ASX 200 Index (ASX: XJO) shares fell 1.35% to 8,785.70 points yesterday.

The market is in the red overall this week, down 0.3% since Monday, amid no progress on a peace deal in the Middle East.

Tough economic news has also weighed on ASX 200 shares this week.

Gross domestic product (GDP) lifted just 0.3% in the March quarter, with annual growth now at 2.5%, according to the Bureau of Statistics. 

Additionally, the Fair Work Commission ordered a 4.75% lift to award wages, which will add to company’s labour costs.

On top of that, businesses are trying to understand the impact of proposed changes to capital gains tax (CGT) in the Federal Budget.

The share market sure is volatile this year, and year to date, we have seen a 0.5% decline in the value of the ASX 200 overall.

Now, let’s take a look at some fresh buy, hold, and sell calls from the experts.

IPD Group Ltd (ASX: IPG)

The IPD Group share price fell 0.49% to $6.17 yesterday. The stock is 51% higher over the past six months.

Shaw and Partners has a buy rating on this ASX 200 industrials share.

The broker comments:

IPD Group Ltd (ASX:IPG) provided an FY26 trading update that included circa 19% growth in EBIT, including 10% growth ex the Platinum Cables acquisition.

Though this was a very solid result, FactSet consensus sat marginally above the top end of guidance and the IPG share price had rallied almost 26% over the past month leading into this trading update.

IPG remains exposed to strong tailwinds that include expenditure on electrification and data centres. 

Shaw & Partners increased its price target on the electrical products and services company from $5.35 to $5.85 per share.

This implies a 5% downside from here.

Kogan.com Ltd (ASX: KGN)

The Kogan share price closed at $4.16, down 1.32% yesterday and up 24% over six months.

Bell Potter has a hold rating on this ASX consumer discretionary share.

This week, the broker lifted its 12-month price target from $3.80 to $4.20.

This implies the stock is fully valued already.

The broker said:

While KGN has seen beats in both 1H and 2H to-date, we remain cautious on the FY27 period across our overall Consumer Discretionary
coverage to see some downside risk to the current growth rate in optimising for EBITDA margins within KGN’s target range of 8-12% in a challenging and competitive e-commerce landscape.

We continue to view EBITDA margins as highly sensitive to the investment into sustaining the GS/customer/subscriber growth.

Rio Tinto Ltd (ASX: RIO)

The Rio Tinto share price closed Thursday’s session at $194.47, down 3.29% yesterday and up 36% over six months.

Rio Tinto and other ASX 200 iron ore shares, such as BHP Group Ltd (ASX: BHP) and Fortescue Ltd (ASX: FMG), fell heavily yesterday on news of significantly higher production at Simandou.

The Simandou project in Africa is the world’s largest untapped, high-grade iron ore deposit.

It is majority-owned by Chinese interests, but Rio Tinto has a stake.

Simandou began producing iron ore six months ago and is expected to significantly add to global supply once fully ramped up.

While higher production bodes well for Rio Tinto, it also increases global supply, which can negatively impact the iron ore price.

The iron ore price is currently at a 7-week low of US$103.71 per tonne.

RBC Capital reiterated its sell rating on Rio Tinto shares with a $143 target on Wednesday.

This suggests a near 25% downside ahead.

The post Buy, hold, sell: IPD, Kogan, Rio Tinto shares appeared first on The Motley Fool Australia.

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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 positions in and has recommended Ipd Group and Kogan.com. The Motley Fool Australia has positions in and has recommended Ipd Group. The Motley Fool Australia has recommended Kogan.com. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.