MENU

Top brokers name 3 ASX shares to sell today

On Thursday I looked at a few shares that brokers had given buy ratings to this week.

Today I thought I would look at the unfortunate shares that have been given sell ratings.

Three that caught my eye are listed below. Here’s why they are rated as sells:

ALS Ltd (ASX: ALQ)

According to a note out of Deutsche Bank, its analysts have retained their sell rating and $6.70 price target on this testing services company’s shares. Despite expectations that the ALcontrol business it acquired in 2016 will add up to $10 million to EBITDA in FY 2019 and improve its Life Sciences margins, the broker isn’t in a hurry to change its rating after a disappointing full-year result release this week. I think Deutsche Bank has got this one right and would suggest investors wait for a better entry point.

ASX Ltd (ASX: ASX)

A note out of Goldman Sachs reveals that it has retained its sell rating on the Australian stock exchange operator’s shares but raised its price target slightly to $47.00. Yesterday ASX Ltd announced the formation of Sympli with the intention of entering the national electronic property settlement market. The company will own a 50% stake in Sympli. While Goldman sees it as potentially positive to its long-term earnings, it expects the new company to be loss-making until FY 2021. While I wouldn’t be a seller of ASX Ltd shares if I owned them, I wouldn’t be a buyer unless they traded at a more attractive price.

Commonwealth Bank of Australia (ASX: CBA)

Analysts at Morgan Stanley have retained their underweight rating and $70.00 price target on the banking giant’s shares. The broker believes that slowing mortgage growth could weigh on the banking sector. Especially given that tighter lending standards means the banks will have to fight harder to win low-risk loans. With the bank’s shares now below Morgan Stanley’s price target, I would class Commonwealth Bank as more of a buy than a sell.

While those shares may be classed as sells, I think these top shares are strong buys right now.

3 Growth Shares To Buy In June

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 ASX Limited. 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!