Brokers name 3 ASX shares to buy today

It certainly has been a very busy week for brokers as earnings season gathers momentum.

Unsurprisingly, this has led to the release of countless broker notes over the last few days.

Three shares that have been given buy ratings are listed below. Here’s why brokers are bullish on them:

Bellamy’s Australia Ltd (ASX: BAL)

According to a note out of Citi, it has retained its buy rating and $19.70 price target on this organic infant formula company’s shares. The broker has been in China recently and its research indicates that Bellamy’s should be able to increase the price of its products in the lucrative market once its CFDA has finally been granted. The broker isn’t as bullish on rival A2 Milk Company Ltd (ASX: A2M) which it rates as a sell. It fears that inventory levels of its English language labelled product are getting too high. While I wouldn’t be a seller of a2 Milk, I completely agree that Bellamy’s shares are a buy at these levels. Citi also tipped Freedom Foods Group Ltd (ASX: FNP) shares as a buy due to the growing presence of its Australia’s Own branded Kid’s Milk product.

BHP Billiton Limited (ASX: BHP)

A note out of the Macquarie equities desk reveals that its analysts have retained their outperform rating and $41.00 price target on this mining giant’s shares ahead of its full-year results release. According to the note, the broker isn’t expecting any surprises later this month when BHP releases its results. It has dismissed any concerns over rising iron ore production costs and expects them to be much lower than its rivals. I agree with Macquarie on BHP and consider it a share to buy.

Suncorp Group Ltd (ASX: SUN)

Analysts at UBS have retained their buy rating and lifted the price target on this insurance giant’s shares to $16.50 following the release of its full-year results yesterday. The broker appears to have been pleased to see Suncorp’s results come in ahead of expectations and has been encouraged by signs that its general insurance margins are improving. While I’m not ordinarily a big fan of insurance companies, I do agree that Suncorp’s result was strong and that it could be a decent option for investors.

Finally, here are four more buy-rated shares to consider this week.

4 Stocks for Building Wealth After 50

Renowned investor Scott Phillips just released a brand-new report detailing his 4 favourite stocks to buy right now.

And I don’t know about you, but I always pay attention when some of the best investors in the world give me a stock tip.

This is your chance to get in at the very beginning of what could prove to be very special investments.

Click here to get started today!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Freedom Foods Group 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…


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!