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3 mid cap growth shares I would buy today

I think there are a great number of high-quality mid cap growth shares on the Australian share market right now that would be great long-term investments.

Three that tick a lot of boxes for me are listed below. Here’s why I like them:

Blackmores Limited (ASX: BKL)

While its performance has been a touch disappointing of late due to supply issues, I remain optimistic that this is just a short term headwind which will clear shortly. So with its shares down significantly from their 52-week high, it could be worth considering an investment in Blackmores today. However, due to the aforementioned supply issues, investors may want to buy half the shares they want now and the other half post-results. This is just in case things take longer to turn around than expected and its share price falls as a result.

Helloworld Travel Ltd (ASX: HLO)

While there are several high-quality investment options in the travel industry, one of the best-priced shares in the industry in my opinion would have to be Helloworld. Its shares are trading at under 18x estimated full-year earnings, which is a significant discount to many of its peers. I think this is great value for a company that delivered a 39% increase in net profit before tax in the first half. Especially given its positive outlook for the second half and beyond. Furthermore, its shares offer a trailing fully franked dividend yield of over 3% at present.

Macquarie Telecom Group Ltd (ASX: MAQ)

I think that Macquarie Telecom is a great option for investors looking to gain exposure to the incredible rise of cloud computing. The telecom’s company Cloud Services business is fast becoming the company’s key segment and the biggest contributor to earnings. In the first-half its Cloud Services segment delivered a 30% increase in half-year net profit. And with the cloud boom showing no signs of slowing, I expect more of the same in the second-half and in FY 2019.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Blackmores Limited. The Motley Fool Australia owns shares of Helloworld 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.

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