Meanwhile, brokers have maintained a positive view on several stocks this week.
Let’s take a look.
Zip Co Ltd (ASX: ZIP)
The Zip share price is $1.97, down 12% despite no news from the company today.
Over the past month, this ASX 200 financial share has fallen 22%.
UBS renewed its buy rating on Zip shares today.
The broker has a 12-month price target of $4.70.
This suggests a potential 134% upside ahead.
Insurance Australia Group Ltd (ASX: IAG)
The IAG share price is $7.82, down 0.8% today.
The ASX 200 insurance share has risen 3% over the past month.
UBS reiterated its buy rating on IAG shares yesterday with a price target of $9.25.
This implies potential capital gains of 18% ahead.
BHP Group Ltd (ASX: BHP)
The BHP share price is $61.02, down 1.7% on Thursday.
Over the past month, this ASX 200 mining share has tumbled 9%.
Morgan Stanley reaffirmed its buy rating on BHP shares yesterday.
The broker has a 12-month target of $68.
This suggests a potential 11% upside ahead.
Pro Medicus Ltd (ASX: PME)
The Pro Medicus share price is $162.88, up 1% today.
This ASX 200 healthcare share has fallen 16% over the past month.
Citi renewed its buy rating on Pro Medicus shares yesterday with a $225 target.
This implies potential capital growth of 38% over the next year.
Nickel Industries Ltd (ASX: NIC)
The Nickel Industries share price is 82 cents, down 3% today.
Over the past month, this ASX 200 nickel share has fallen 8%.
Bell Potter renewed its buy rating on Nickel Industries shares this week.
The broker has a 12-month price target of $1.45.
This suggests a potential 77% upside ahead.
The broker said:
NIC is one of the world’s largest listed nickel producers and offers exposure across a range of nickel products and markets.
It has a track record of maintaining margins through low nickel prices, benefitting from its diversified product suite and margin exposure across an integrated value chain.
Stockland Corp Ltd (ASX: SGP)
The Stockland share price is $4.13, down 1.8% today.
Over the past month, this ASX 200 property share has fallen 13%.
UBS renewed its buy rating on Stockland shares today.
The broker has a 12-month price target of $5.12.
This suggests a potential 24% upside ahead.
The post 6 ASX 200 shares scoring renewed buy calls this week appeared first on The Motley Fool Australia.
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More reading
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Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has positions in Zip Co. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended BHP Group and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.