With so 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 leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:
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 giant’s shares to $60.00. Macquarie has upgraded its earnings estimates and valuation in response to higher commodity prices. The broker also highlights that BHP’s shares are trading on a double-digit free cash flow yield, which bodes well for dividends in the coming years. The BHP share price is fetching $47.48 at the time of writing.
CSL Limited (ASX: CSL)
According to a note out of Citi, its analysts have retained their buy rating and $335.00 price target on this biotherapeutics company’s shares. Citi has been looking at industry data and believes that plasma collections will be above pre-pandemic levels in 2022. Combined with the potential completion of its acquisition of Vifor Pharma, it feels this could give investor sentiment a major boost. The CSL share price is trading at $262.56 on Monday afternoon.
Dicker Data Ltd (ASX: DDR)
Analysts at Morgan Stanley have commenced coverage on this IT distributor’s shares with an overweight rating and $16.00 price target. Morgan Stanley believes Dicker Data is well-placed for growth over the medium term thanks to industry tailwinds. Especially given its leadership position in the industry and strong technical capabilities thanks to its new distribution centre. The Dicker Data share price is trading at $13.88 this afternoon.
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of January 12th 2022
More reading
- ASX 200 (ASX:XJO) midday update: Elders jumps, Magellan and Zip tumble
- 5 things to watch on the ASX 200 on Monday
- $20k invested in these ASX shares 10 years ago is now worth…
- The CSL (ASX:CSL) share price has struggled to gain traction in 2022. Does that make it cheap?
- ‘What’s not to like’ about BHP (ASX:BHP) shares? Experts weigh in
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. owns and has recommended CSL Ltd. and Dicker Data Limited. The Motley Fool Australia owns and has recommended Dicker Data Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/1S0icTh
Leave a Reply