The Transurban Group (ASX: TCL) share price has been an unrewarding investment for some shareholders since 2019. Notably, those who bought just prior to the pandemic have yet to revisit those pre-COVID highs yet. However, March provided some reinvigoration for investors of the toll-road operator.

Looking back at the month past, the Transurban share price has come out the other side of March 7.2% better off. To put things into perspective, this was an outperformance of the S&P/ASX 200 Index (ASX: XJO), which notched up a gain of 5.7%.

So, what happened during Transurban’s best performance in a calendar month since May 2020?

Brokers go bullish as traffic recovery looms

When a share outperforms the benchmark index, it is normally an indication there’s some positive news floating around. Yet, a lack of price-sensitive announcements during March suggests the catalyst laid elsewhere.

Instead of big flashy news, it appears shareholders were treated to an improvement in broker sentiment towards the Transurban share price. Namely, notes released by Morgans and Macquarie.

Firstly, Morgans believe the toll operator is set to catch a tailwind as traffic volumes improve. With exposure to drivers such as population growth, employment growth, and urbanisation, the broker is expecting a bounce-back in dividends per share.

Meanwhile, Macquarie dispersed the notion that higher fuel prices would hurt Transurban. According to the broker’s research, historical fuel price increases resulted in either steady or higher traffic volumes.

What could the Transurban share price be worth?

Both brokers hold price targets above the current Transurban share price. Specifically, Morgans holds a $14.29 target, while Macquarie is a slightly higher $14.96.

Shares in the company closed on Friday at $13.64, representing a potential upside of 4.7% to 9.7%.

The post Why did the Transurban share price have such a good run in March? appeared first on The Motley Fool Australia.

More reading

• Broker names 3 more of best ASX 200 shares to buy in April
• 5 things to watch on the ASX 200 on Wednesday
• 2022 is not being kind to the Transurban (ASX:TCL) share price. Could this be set to change?
• Which ASX 200 shares is AFIC (ASX:AFI) betting on to make money?
• Worried about how rising petrol prices might impact the Transurban (ASX:TCL) share price? Read this

Motley Fool contributor Mitchell Lawler owns Macquarie Group Limited. 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 Macquarie Group 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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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

Allkem Ltd (ASX: AKE)

According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this lithium miner’s shares by 9% to $16.65. This follows the release of a lithium pricing update from Allkem. In response to the update, Morgans has lifted its revenue estimates. In addition, the broker notes that should the lithium market continue to remain strong, the company has a large amount of untapped growth potential. The Allkem share price ended the week at $13.09.

Aristocrat Leisure Limited (ASX: ALL)

A note out of Citi reveals that its analysts have initiated coverage on this gaming technology company’s shares with a buy rating and $44.00 price target. It believes Aristocrat represents a compelling long-term growth story. This is due to its exposure to ongoing growth in mobile game penetration and potential to grow into new markets. The Aristocrat share price was fetching $33.40 at Friday’s close.

Iluka Resources Limited (ASX: ILU)

Analysts at Macquarie have retained their outperform rating and lifted their price target on this mineral sands and rare earths company’s shares to $14.00. This follows news that Iluka’s board has approved phase three of the Eneabba Rare Earths Refinery. Macquarie is very positive on the decision, particularly given its risk-sharing agreement with the Australian government. The Iluka share price ended the week at $12.37.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

More reading

• Here’s why the lithium price is in the spotlight today
• Jackpot! Citi tips Aristocrat share price to surge 30% higher
• Why not all ASX lithium shares are winners from surging commodity prices
• 2 hot ASX lithium stocks brokers rate as buys
• Top brokers name 3 ASX shares to buy today

Motley Fool contributor James Mickleboro owns Allkem Limited. 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 Bruce Jackson.

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Exchange traded funds (ETFs) can be a great way for investors to diversify a portfolio. This is because they give investors access to a large group of shares through just a single investment.

But which ETFs should you look at? Listed below are two ETFs that are popular with ASX investors. Here’s what you need to know and why they could be worth getting better acquainted with them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF for ASX investors to look at is the BetaShares Asia Technology Tigers ETF. This popular ETF gives investors easy exposure to many of the Asian region’s most exciting growth shares. At present, the ETF is home to ~50 tech companies that are leading Asia’s technological revolution.

Among its holdings are giants such as Alibaba, Baidu, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent.

In respect to Baidu, it is the search engine giant regarded as the Google of China. But like Google, it is so much more than just search. Baidu is making great progress with artificial intelligence and is aiming to be an autonomous vehicle powerhouse.

As for Tencent, it is the tech giant responsible for the hugely popular WeChat super app which is used by approximately a billion people. This app also has a virtual duopoly with Alibaba’s Ant Group in the mobile payments industry in the country.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Another ASX ETF to look at is the BetaShares Global Cybersecurity ETF. This ETF gives investors exposure to the leading companies in the growing global cybersecurity sector.

Among the companies you’ll be owning a slice of are Accenture, Cisco, Cloudflare, Crowdstrike, Okta, and Splunk.

CrowdStrike provides the popular Falcon platform. This platform delivers incident response and forensic analysis services that are designed to help businesses understand whether a breach has occurred.

As for Okta, it is a leading provider of workforce identity solutions. It provides cloud software that helps companies manage and secure user authentication into applications.

The post 2 popular ETFs for investors to buy in April appeared first on The Motley Fool Australia.

More reading

• 3 very exciting ETFs for ASX investors this month
• Crypto and cybersecurity: 2 exciting ETFs for ASX investors
• Why this leading ASX ETF is in the spotlight this week
• Are these 2 top ETFs buys in April?
• 3 top ASX ETFs for growth investors

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 BETA CYBER ETF UNITS. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF. 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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The Australian share market closed the week nursing a loss despite Friday’s bounce, but there is one group of ASX bank shares that could be poised to rally over the next six weeks.

The S&P/ASX 200 Index (ASX: XJO) closed 0.47% higher on Friday. But the index still recorded a drop of around 0.2% for the week as interest rates, the inverted bond yield, and geopolitical tensions cast a shadow over risk assets.

However, barring a ‘black swan‘ event, these headwinds are probably not enough to keep three ASX bank shares from rallying, according to Richard Coppleson from Bell Potter.

ASX bank shares with a 73% chance of outperforming

There is a trend for the Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price, the Westpac Banking Corp (ASX: WBC) share price, and the National Australia Bank Ltd (ASX: NAB) share price to outperform during this period.

One reason may be due to the fact that all three ASX banks report their interim results in May. Coppleson believes that investors tend to buy these shares ahead of their profit announcement.

“Over the last 25-odd years I have seen it happen again and again – most years – the only exceptions come when there is a big ‘global macro’ event that is causing markets to be hit across the globe,” he said.

“With the Feb reporting season now over and most stocks going ex-dividend around now – investors look to where they can next ‘harvest’ income from.”

These ASX bank shares have a remarkable consistency of closing higher in April and March. Coppleson noted that this has happened 19 times in the past 22 years, or 73% of the time.

He isn’t the only one to notice this trend. Other experts have previously reported on this and noted that these shares outperform in the four weeks before and two weeks after going ex-dividend.

This means now could be the time to buy ANZ shares. The bank is the first of the three to hand in its earnings report card, which is due on 4 May.

The $6 billion dividend harvesting season

According to Coppleson, ANZ’s ex-dividend date should fall on 10 May. He is forecasting the bank to pay a fully franked dividend of 71 cents a share.

Next to report is NAB on 5 May, which should put its ex-dividend date on 12 May, Coppleson says. The bank is tipped to pay a similar fully franked dividend to ANZ.

The last of the big ASX bank shares to report is Westpac. It is expected to unveil its interim profits on 9 May. Its ex-dividend date should be around 19 May and it is expected to pay a 60 cents a share fully franked dividend.

The combined dividends that the three ASX banks will hand back are likely to reach just over $6 billion.

Just be aware that these banks could underperform thereafter as investors take profit to chase the next dividend harvest.

The post Why these ASX bank shares could outperform over the next 6 weeks appeared first on The Motley Fool Australia.

More reading

• Here are the 5 best performing ASX 200 bank shares of the March quarter
• Who owns ANZ shares? Take a look. You might be surprised
• How much is the next NAB dividend?
• 2 ASX dividend shares with attractive yields
• How did the Westpac share price outperform the ASX 200 by 13% in the March quarter?

Motley Fool contributor Brendon Lau owns Australia & New Zealand Banking Group Limited, National Australia Bank Limited, and Westpac Banking Corporation. 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 Westpac Banking Corporation. 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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The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price is one that is often overshadowed by the company’s larger banking share peers on the S&P/ASX 200 Index (ASX: XJO), such as Commonwealth Bank of Australia (ASX: CBA) and the other big four banks. 

But Bendigo Bank is still an ASX 200 banking share, and one with a dividend yield of 5.11% at that. It’s also been an ASX 200 market beater in 2022 so far, having risen more than 11.5% year to date.

So Bendigo Bank hasn’t been a great performer over the last few years. In fact, over the past five years, Bendigo Bank shares are still down by 12.7%.

So what is the highest this ASX banking share has ever traded at? Well, unfortunately for long-term investors, it was a very long time ago that we last saw this company’s all-time record high.

When did the Bendigo Bank share price last see an all-time high?

Let’s cast our minds back to the pre-GFC world of March 2007. On 19 March of that year, Bendigo Bank shares hit an intra-day high of $17.30. That is this bank’s highest-ever share price, and a level it has never reached since. Its highest-ever closing share price came a few days later, on 22 March 2007. That saw Bendigo Bank shares close at $17.18 each.

Boy, that’s a long way from the share price of $10.47 that the company has closed at today. Around 40% in fact.

It just goes to show some of the lasting damage that the global financial crisis brought to some of our financial institutions. The closest Bendigo Bank has come to those levels was back in early 2015. That saw the company hit just over $14.30 a share. But alas, that was evidently not to last either.

At the last Bendigo Bank share price, this ASX 200 banking share has a market capitalisation of $5.86 billion. 

The post What was the highest ever Bendigo Bank share price? appeared first on The Motley Fool Australia.

More reading

• Here are the 5 best performing ASX 200 bank shares of the March quarter
• It’s payday for Bendigo Bank (ASX:BEN) shareholders today. Here’s the deal
• How did ASX 200 bank shares perform today?
• Why has the Bendigo Bank (ASX:BEN) share price been smashing BOQ in 2022?
• Can the Bendigo Bank (ASX:BEN) share price stick above the $10 mark?

Motley Fool contributor Sebastian Bowen 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 owns and has recommended Bendigo and Adelaide Bank 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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Last quarter was a good time to be invested in these S&P/ASX 200 Index (ASX: XJO) bank shares.

Though, that wasn’t the case for many of their peers. The S&P/ASX 200 Financials Index (ASX: XFJ) underperformed over the 3 months ended 31 March. It gained just 3.67%.

In comparison, the ASX 200 rose 6.39% last quarter, with some of its banking constituents among its best performers.

So, which ASX 200 bank shares provided the greatest gains in the March quarter? Let’s take a look.

5 best performing ASX 200 bank shares of the March quarter

Westpac Banking Corp (ASX: WBC) – gained 13.54%

The Westpac share price led the pack during the March quarter, gaining nearly 14% to end the period at $24.24.

Its gains came on the back of its earnings for the December quarter and a $3.5 billion off-market buyback.

Over the December quarter, Westpac’s unaudited cash earnings rose 74%. Though, it reported a $118 million impairment charge, mainly resulting from uncertainty surrounding the COVID-19 pandemic.

Bendigo and Adelaide Bank Ltd (ASX: BEN) – rose 13.08%

Westpac’s performance over the quarter just been only just beat that of the Bendigo Bank share price. It came in a close second, gaining 13% to finish March at $10.29.

The major catalyst for the bank’s gains was its results for the first half of financial year 2022.

It saw Bendigo Bank reporting an 8.5% jump in earnings and a 31.7% increase in net profit.

Its dividend was also boosted by 12.8% to 26.5 cents per share.

National Australia Bank Ltd. (ASX: NAB) – surged 12.17%

Taking out the bronze medal for ASX 200 bank shares last quarter is NAB. It gained 12% to finish the period at $32.35.

The big news from NAB over the March quarter was the release of its December quarter earnings and news of another $2.5 billion off-market buyback.

The bank’s revenue for the December quarter was 8% higher than that of second half of financial year 2021’s quarterly average. Its cash earnings were also up 12%.

Additionally, NAB announced the end of one $2.5 billion off-market buyback and the beginning of another.

Bank of Queensland Limited (ASX: BOQ) – up 7.29%

After underperforming the ASX 200 in 2021, this bank share climbed above the index last quarter.

That’s right, the Bank of Queensland share price gained 7% over the 3 months ended 31 March to trade at $8.68.

That’s despite no price-sensitive news having been released by the bank in that time.

Commonwealth Bank of Australia (ASX: CBA) – gained 4.72%

Finally, the CBA share price came in as the fifth best performing ASX 200 bank share of the March quarter. That’s despite it underperforming the index over the period.

The biggest drivers of the ASX’s biggest bank stock last quarter was its first half results, news of a $2 billion on-market buyback, and an asset selldown.

CBA sold part of its 10% stake in the Bank of Hangzhou for $1.8 billion last quarter.

It also announced that its statutory net profit after tax (NPAT) had risen 26% over the 6 months ended 31 December and handed investors a $1.75 fully franked dividend.

The post Here are the 5 best performing ASX 200 bank shares of the March quarter appeared first on The Motley Fool Australia.

More reading

• How much is the next NAB dividend?
• 2 ASX dividend shares with attractive yields
• How did the Westpac share price outperform the ASX 200 by 13% in the March quarter?
• Own CBA shares? Here’s why the bank’s crypto rollout is facing delays
• What’s the outlook for the Bank of Queensland share price in April?

Motley Fool contributor Brooke Cooper 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 owns and has recommended Bendigo and Adelaide Bank Limited. The Motley Fool Australia has recommended Westpac Banking Corporation. 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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Are you interested in adding some ASX growth shares to your portfolio this month? If you are, you may want to look at the ones listed below.

Both shares have been named as buys and tipped to climb materially higher from current levels. Here’s what you need to know about these growth shares:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is a leading appliance manufacturer which has been successfully expanding its presence globally in recent years.

This, together with the strength of its numerous brands (Breville, Sage, Kambrook, etc) and its investment in research and development, has underpinned solid sales and earnings growth for many years.

Pleasingly, more of the same is expected in the future thanks to these same factors. It is for this reason that the team at Macquarie has an outperform rating and $34.80 price target on its shares. Based on the current Breville share price of $25.18, this suggests that its shares could rise 38% over the next 12 months.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another growth share to look at is this pizza chain operator. It could be a top long term option for investors due to its strong brand, investment in technology, and bold expansion plans.

The latter plans see Domino’s aiming to more than double its store network by FY 2033. It has also hinted that it is looking at making acquisitions, which could expand its addressable market even further.

Morgans is very positive on the company’s future and sees recent share price weakness as a buying opportunity. The broker has an add rating and $115.00 price target on its shares. Based on the current Domino’s share price of $80.71, this implies potential upside of 42% for investors.

The post 2 stellar ASX growth shares brokers say have huge upside potential appeared first on The Motley Fool Australia.

More reading

• 3 ASX growth shares brokers rate as buys for April
• Experts name 3 excellent ASX shares for growth investors to buy
• The next ASX share ready to join the 20-bagger club: expert
• Experts name 2 stunning ASX growth shares to buy now
• Here are 3 ASX growth shares analysts are tipping as buys

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 recommended Dominos Pizza Enterprises 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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Investors that are looking for some new shares to buy might want to look at the blue chips listed below.

These two blue chip ASX 200 shares have been tipped to climb meaningfully higher from where they trade today. Here’s what you have to know about them:

CSL Limited (ASX: CSL)

The first ASX 200 share for investors to look at is CSL. It is one of the world’s leading biotechnology companies, comprising the CSL Behring and Seqirus businesses.

CSL is also aiming to acquire Vifor Pharma, which will expand its product portfolio and pipeline. Together with its billion-dollar per annum spend on R&D and improving plasma collections, CSL appears well-positioned for long term growth.

The team at Citi is positive on CSL and has a buy rating and $335.00 price target on its shares. Its analysts believe that plasma collections will bounce back beyond pre-pandemic levels this year, which it expects to be a big boost to investor sentiment.

The broker commented: “Over the next six months, we expect the market to focus on the strong underlying plasma market demand, and the closure the Vifor deal, both of which should lead to strength in the share price.”

Goodman Group (ASX: GMG)

Another blue chip ASX 200 share that is highly rated is Goodman. It is a global integrated commercial and industrial property company with a world class property portfolio.

Goodman’s high quality properties have exposure to key growth markets such as ecommerce and are in high demand with tenants. In addition, the company has a development pipeline which looks set to underpin further solid earnings growth in the coming years.

Citi is also positive on Goodman’s future. Its analysts currently have a buy rating and $29.50 price target on its shares. The broker expects Goodman to outperform its upgraded earnings guidance in FY 2022.

Its analysts commented: “We continue to see guidance as conservative, with our EPS estimates rising 5% in FY22 and c. 6% thereafter. We now forecast c. 23% EPS growth in FY22 and c. 19% EPS CAGR from FY21-FY24. Our TP increases 5% on higher asset values and higher earnings. GMG remains OUR top pick in the sector.”

The post 2 of the highest quality ASX 200 shares analysts are tipping as buys appeared first on The Motley Fool Australia.

More reading

• E-commerce is booming. Which ASX shares have exposure to warehouses?
• Why did the CSL share price go backwards in the March quarter?
• The CSL dividend is being paid today. Here’s what you need to know
• This ASX share changed me FOREVER: fund manager
• Here’s what $10,000 invested in CSL shares 5 years ago looks like now

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. 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 Bruce Jackson.

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Experts are always looking for opportunities for investors to buy. ASX shares that have a lot of potential upside could be ideas to consider.

The two companies below are ones that experts think could rise significantly. They are both growing revenue at a double-digit rate and have plans for international growth.

With that in mind, here are two ASX shares that are rated as potential opportunities:

Baby Bunting Group Ltd (ASX: BBN)

Baby Bunting is a retailer of baby products such as prams, furniture, clothes, toys and so on. It has 64 stores and plans for more than 100 stores around Australia in various formats.

In the first half of FY22, Morgan Stanley noted that the company outperformed compared to expectations.

That half-year report showed total sales growth of 10% to $239.1 million, with online sales being 23.8% of sales. The gross profit margin increased 192 basis points to 39.3%. Pro forma net profit after tax (NPAT) increased by 16.4% to $12.5 million. The board increased its interim dividend by 13.8% to 6.6 cents.

The company expects to open its first Baby Bunting store in New Zealand early in the financial year 2023, and plans to open a network of at least 10 stores in the country.

The ASX share’s management is assessing the broader $5.1 billion baby goods market for future long-term growth opportunities, relative to its current $2.5 billion addressable market.

Morgan Stanley currently rates Baby Bunting a buy with a price target of $6.90. That implies a potential upside of around 40%. The Baby Bunting share price is valued at around 21x FY22’s estimated earnings.

Airtasker Ltd (ASX: ART)

Airtasker describes itself as “Australia’s leading online marketplace for local services, connecting people and businesses who need work done with people who want to work”. It says that it has enabled more than $1.7 billion in working opportunities and served more than 1.2 million unique paying customers.

Despite the FY22 first half being impacted by lockdowns in Melbourne and Sydney, the company achieved revenue growth of 10.4% year on year.

The ASX share sees business opportunities in the larger potential markets of the United Kingdom and the United States. Despite starting from a small base, Airtasker is growing quickly in both markets.

In the second quarter of FY22, Airtasker’s US marketplace saw posted task growth of 71% quarter on quarter. So far, the company is focusing on four key cities in the US: Atlanta, Kansas City, Dallas and Miami. However, the company is seeing additional Airtasker marketplaces emerging in ‘non-core cities’.

In the UK, Airtasker’s second-quarter gross marketplace volume (GMV) was up 121% year on year. It’s seeing both demand and supply increase in its marketplace. In the second quarter, posted tasks in the UK increased by 106% year on year.

Airtasker is currently rated as a buy by the broker Morgans, with a price target of $1.25. That implies a possible upside of around 120%. The broker thinks that the company has lots of long-term growth potential.

The post Buy these ASX shares with huge upside: experts appeared first on The Motley Fool Australia.

More reading

• Here are 3 small cap shares analysts rate as buys
• Airtasker (ASX:ART) has been listed for a year. Has it been up to the task?
• 2 ASX dividend shares analysts have named as buys
• Are these 2 compelling ASX shares buys in April 2022?
• Why analysts rate Westpac and this ASX dividend share as buys

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has recommended Baby Bunting. 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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If you’re wanting some ASX 200 dividend shares to boost your income, then you may want to check out the two listed below.

Here’s why these dividend shares have been rated as buys recently:

Rio Tinto Limited (ASX: RIO)

The first ASX 200 dividend share to look at is Rio Tinto. This mining giant could be a top option thanks to the huge dividends it is being tipped to pay in the coming years.

This is being underpinned by booming commodity prices. With iron ore, aluminium, and copper prices all trading at sky high levels, Rio Tinto is expected to generate bumper free cash flow again in the near term.

Analysts at Goldman Sachs expect this to lead to Rio Tinto’s shares providing investors with yields in the region of 10% in both FY 2022 and FY 2023.

The broker also sees room for the mining giant’s shares to rise further from here. It has a buy rating and $131.50 price target on the company’s shares.

Super Retail Group Ltd (ASX: SUL)

Another ASX 200 dividend share that could be in the buy zone is Super Retail. It is the retail conglomerate behind the BCF, Macpac, Rebel, and Supercheap Auto brands.

The team at Morgans is very positive on the company and believes its recent share price weakness is a buying opportunity. Particularly with the broker forecasting some very big fully franked dividends in the coming years and significant upside potential for its shares.

Morgans has an add rating and $13.80 price target on its shares. As for dividends, it is expecting fully franked dividends of 59 cents per share in FY 2022 and 61 cents per share in FY 2023. Based on the current Super Retail share price of $10.38, this will mean yields of 5.7% and 5.9%, respectively.

The post 2 ASX 200 dividend shares analysts rate as buys appeared first on The Motley Fool Australia.

More reading

• What drove the Rio Tinto share price higher on Friday?
• 5 things to watch on the ASX 200 on Friday
• ASX 200 commodities players were the major winners in March. Take a look
• What sent ASX mining shares flaming higher in March?
• Analysts name 2 ASX dividend shares with 5%+ yields to buy this week

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 Super Retail Group Limited. The Motley Fool Australia owns and has recommended Super Retail Group 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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