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)
According to a note out of Morgans, its analysts have retained their add rating but trimmed their price target on this mining giant’s shares slightly to $47.40. Morgans remains bullish on BHP due to its strong free cash flow generation and low risk profile. It notes that there is less that “can go wrong” relative to its peers. The BHP share price is trading at $40.12 on Monday afternoon.
GQG Partners Inc (ASX: GQG)
Another note out of Morgans reveals that its analysts have retained their add rating but cut their price target on this fund manager’s shares to $1.93. This follows the release of a funds under management update that disappointed. Nevertheless, Morgans remains positive. It notes that GQG’s investment performance remains strong, its shares are trading at an attractive level, and the weaker Australian dollar could be a boost to its dividend. The GQG share price is fetching $1.45 today.
Monash IVF Group Ltd (ASX: MVF)
Analysts at Bell Potter have initiated coverage on this fertility treatment company’s shares with a buy rating and $1.43 price target. According to the note, Bell Potter is positive on Monash IVF’s outlook thanks to a combination of new rebates, its regional expansion, and motivated customers. It is expecting this to underpin strong earnings growth through to FY 2025. The Monash IVF share price is trading at 94 cents on Monday.
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
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More reading
- Could this spell trouble for the BHP share price?
- Morgans names the ASX 200 mining shares to buy and sell
- Brokers give their verdict on the BHP share price
- Why Appen, GQG, Paradigm, and Talga shares are tumbling lower
- What’s the outlook for ASX 200 energy shares in Q2?
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. 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.
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