Leading brokers name 3 ASX shares to buy

Many of Australia’s leading brokers have been busy adjusting their discounted cash flow models and valuations following the countless earnings releases this month.

Three shares which have fared well this week and been given buy ratings are listed below. Here’s why brokers like them:

Ardent Leisure Group (ASX: AAD)

According to a note out of Citi, it has retained its buy rating but reduced its price target on the entertainment company’s shares slightly to $2.35 from $2.40. The broker appears to have been pleased with Ardent Leisure’s half-year results release and the positive momentum it is exhibiting so far in the second-half. I would have to agree with Citi on this one. Although its turnaround has taken longer than I expected, there are signs of it coming now. Which could arguably make it an opportune time to invest.

Accent Group Ltd (ASX: AX1)

Another note out of Citi reveals that its analysts have retained their buy rating and increased the price target on the footwear retailer’s shares to $1.15. The broker made the move following the release of Accent’s half-year results last week which came in ahead of its analysts’ expectations. Citi appears to like Accent due to its generous dividend, sales momentum, and its potential international growth opportunities. Once again, I would have to agree with Citi on this one. Although it is by no means the bargain buy it was just a week ago, its shares still look good value to me.

Bravura Solutions Ltd (ASX: BVS)

A note out of the equities desk of Macquarie reveals that its analysts have retained their outperform rating and bumped up the price target on the fintech company’s shares to $2.41. Macquarie appears to have been pleased with its strong first-half and upgrade to its full-year guidance. The broker also points out that Bravura is trading at a significant discount to some of its larger peers, which could potentially lead to a rerating in the future. Especially if its Sonata product continues its impressive growth. As I said yesterday, I think Bravura delivered an impressive first-half result and believe it is great value for money at present.

Finally, here are three blue chip shares that I think brokers would agree are strong buys at their current share prices.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Bravura Solutions Ltd. 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 Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.