It has been another busy week for Australiaâs top brokers. This has led to the release of a large number of broker notes.
Three broker buy ratings that you might want to know more about are summarised below. Hereâs why brokers think these ASX shares are in the buy zone:
Accent Group Ltd (ASX: AX1)
According to a note out of Bell Potter, its analysts have retained their buy rating and lifted their price target on this footwear retailerâs shares to $2.80. Bell Potter believes that Accent is well-placed to benefit from having a younger target demographic, emerging trends in casual/trend footwear, and the NSW Back to School voucher. The Accent share price is trading at $2.42 this afternoon.
Bega Cheese Ltd (ASX: BGA)
Another note out of Bell Potter reveals that its analysts have retained their buy rating on this diversified food company’s shares with an improved price target of $4.10. The broker is feeling confident about Bega Cheeseâs outlook thanks to its exposure to relatively stronger commodities (cream cheese and mozzarella) against a backdrop of commodity driven weaker southern farmgate prices. All in all, Bell Potter believes the company is well-placed to grow its EBITDA to $200 million in FY 2024 from an estimated $159 million in FY 2023. The Bega Cheese share price is fetching $3.77 on Thursday.
Seek Ltd (ASX: SEK)
Analysts at Morgans have retained their add rating on this job listings companyâs shares with an improved price target of $28.40. Morgans was pleased with the companyâs investor day update this week. It highlights that Seek is targeting $2 billion in revenue by FY 2028, which is well ahead of the previous consensus estimate of $1.7 billion. The Seek share price is trading at $24.73 this afternoon.
The post Brokers name 3 ASX shares to buy now appeared first on The Motley Fool Australia.
FREE Beginners Investing Guide
Despite what some people may say – we believe investing in shares doesn’t have to be overwhelming or complicated…
For over a decade, we’ve been helping everyday Aussies get started on their journey.
And to help even more people cut through some of the confusion “experts’” seem to want to perpetuate – we’ve created a brand-new “how to” guide.
Yes, Claim my FREE copy!
*Returns as of April 3 2023
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- This ASX All Ords share has soared 70% in 6 months. Is it too late to buy?
- Why Bega Cheese, Elanor Investors, Neometals, and Talga shares are pushing higher
- 5 things to watch on the ASX 200 on Thursday
- Here are the top 10 ASX 200 shares today
- Top brokers name 3 ASX shares to buy today
Motley Fool contributor James Mickleboro has positions in Allkem. 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 recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
from The Motley Fool Australia https://ift.tt/RKgjAow
Leave a Reply