A large number of broker notes have hit the wires this week, leading to many popular shares being declared buys and sells.
Three shares that are in favour with brokers and have been given a buy rating are listed below. Here’s why they are bullish on them:
Aristocrat Leisure Limited (ASX: ALL)
According to a note out of Deutsche Bank, its analysts have retained their buy rating and $39.30 price target on this gaming technology company’s shares ahead of its half year results release next week. The broker believes that Aristocrat Leisure is winning market share in North America and suspects that its half year result could surprise to the upside. I agree with Deutsche on Aristocrat Leisure and feel its shares offer a compelling risk/reward at the current level.
Costa Group Holdings Ltd (ASX: CGC)
Analysts at UBS have retained their buy rating but trimmed the price target on the horticulture company’s shares slightly to $6.70 ahead of its annual general meeting later this month. According to the note, the broker notes that mushroom prices have been weaker and the Moroccan blueberry season has been softer, but it remains confident that Costa will reiterate its earnings growth guidance of +30% at its meeting on May 30. While it may be prudent to wait for its meeting, if its guidance is reiterated then I think Costa’s shares are great value at this price.
CSL Limited (ASX: CSL)
Another note out of UBS reveals that its analysts have retained their buy rating and lifted the price target on this global biotech giant’s shares to $223.00. According to the note, the broker believes that immunoglobulins growth remains strong and expects Chinese albumin growth to recover. In addition to this, the broker is positive on the prospects of the company’s Seqirus influenza vaccines business and expects it to win market share. I agree with UBS and feel CSL would be a great option for investors.
And here are five more quality ASX shares that have recently been rated as buys and tipped as market beaters.
Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.
Stock #1 is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…
Stock #2 is another high-growth business trading near a 52-week low all while offering a 4.7% grossed-up yield...
Plus 3 more cheap bets that could position you to profit over the next 12 months!
See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.
- NEW: Free report names top 3 ASX dividend shares to buy for 2019
- Top analysts name their top 3 ASX blue chip shares for 2019
- Richest man alive issues dire warning
- 3 quality dividend shares to boost your income
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019