MENU

Top brokers name 3 ASX shares to buy today

With so many quality shares to choose from in the Australian share market it can be hard to decide which ones to buy.

The good news is that brokers across Australia have done the hard work to make life easier for investors.

Here are three shares that have been given buy ratings today:

JB Hi-Fi Limited (ASX: JBH)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $32.00 price target on the retailer’s shares. The broker has held firm with its recommendation despite the company’s disappointing trading update yesterday which revealed a surprise profit guidance downgrade. Morgan Stanley appears to have seen enough in the JB Hi-Fi brand’s solid performance to continue recommending it as a buy. While I agree that the JB-Fi brand performed well, I was alarmed by the Good Guys’ poor performance and I’m concerned this isn’t a one of. I intend to stay clear of the company’s shares.

Qantas Airways Limited (ASX: QAN)

A note out of Credit Suisse reveals that its analysts have retained their outperform rating and lifted the price target on the airline’s shares to $7.15 from $6.90. According to the note, the broker was pleased with its strong performance in the March quarter and is confident that Qantas will be able to offset higher fuel costs in FY 2019. I would have to agree with Credit Suisse on this one and think Qantas is a great option for investors after yesterday’s update.

Woolworths Group Ltd (ASX: WOW)

Analysts at UBS have retained their buy rating and increased the price target on the retail conglomerate’s shares to $30.00 from $28.90. According to the note, Woolworths’ sales update for the March quarter was stronger than the broker expected. Furthermore, UBS believes that the outlook in the grocery category is improving and there are signs that price deflation is easing. While I’m not a huge fan of Woolworths, I do think it is starting to look attractive again now the outlook for its supermarket business is improving.

Looking for more buy ideas? Here are three buy-rated blue chip shares to snap up in May.

Top 3 Buy-Rated Blue Chips To Buy In May

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 has no position in any of the stocks mentioned. 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 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!