In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week on a positive note. At the time of writing, the benchmark index is up 1% to 7,134.5 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are charging higher:
CSL Limited (ASX: CSL)
The CSL share price is up 2% to $261.79. Investors have been buying this biotherapeutics company’s shares following the release of an upbeat broker note out of Citi. Its analysts believe that industry data is pointing to plasma collections going beyond pre-pandemic levels in 2022. Its analysts expect this to boost sentiment and potentially drive its shares higher.
Dicker Data Ltd (ASX: DDR)
The Dicker Data share price is up 4% to $13.89. This follows the release of a broker note out of Morgan Stanley this morning. Its analysts have initiated coverage on Dicker Data with an overweight rating and $16.00 price target. The broker believes Dicker Data is well-placed for growth over the medium term thanks to industry tailwinds and its leadership position.
Elders Ltd (ASX: ELD)
The Elders share price is up 13% to $13.54. This morning the agribusiness company released a trading update which revealed that trading conditions have been strong during the first half. As a result, management advised that it is expecting its underlying earnings before interest and tax (EBIT) to increase by 20% to 30% in FY 2022.
Virtus Health Ltd (ASX: VRT)
The Virtus Health share price is up 7% to $8.23. Investors have been buying the fertility treatment company’s shares after it signed a binding transaction implementation deed with CapVest. This deal will see CapVest acquire Virtus for $8.25 cash per share less dividends. The Virtus board unanimously recommends the transaction in the absence of a superior proposal.
The post Why CSL, Dicker Data, Elders, and Virtus Health shares are charging higher appeared first on The Motley Fool Australia.
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More reading
- Leading brokers name 3 ASX shares to buy today
- ASX 200 (ASX:XJO) midday update: Elders jumps, Magellan and Zip tumble
- Why is the Elders (ASX:ELD) share price jumping 11% to a decade-high?
- $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?
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 Australia has recommended Elders Limited and Virtus Health Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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