Top brokers name 3 ASX shares to sell today

On Wednesday I looked at three shares that had found favour with brokers and been given buy ratings.

Today I thought I would look at a few shares that are out of favour and have been given sell ratings. Here are three sell-rated shares that caught my eye:


According to a note out of Deutsche Bank, its analysts have retained their sell rating and $58.50 price target on the Australian share market operator’s shares. Although the broker notes that ASX Ltd has had a strong start to the new financial year with value and volume both up, it hasn’t seen enough to make a change to its recommendation. While I do like ASX Ltd and its monopoly-like business, I would prefer to get in at a lower price.

Telstra Corporation Ltd (ASX: TLS)

A note out of the Macquarie equities desk reveals that its analysts have retained their underperform rating and $2.80 price target on this telco giant’s shares after its guidance update. While the broker doesn’t believe that today’s update should have any bearing on Telstra’s intrinsic value, it remains negative on the company due to the challenging trading conditions it faces. While I wouldn’t be a seller if I owned its shares, I won’t be deciding whether to invest until it clarifies what its dividend plans are.

Woolworths Group Ltd (ASX: WOW)

Another note out of Macquarie reveals that the broker is bearish on this retail conglomerate. It has retained its underperform rating and $27.91 price target on its shares due to news that Woolworths may consider divesting its gaming, hotel and liquor businesses into a separate entity. The broker doesn’t see a financial or strategic reason for such a move. I agree with this view and would suggest investors consider staying clear of the company until its shares trade at a more attractive level.

Finally, here are three buy-rated shares that I think are well worth considering this month.

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 and has recommended Telstra Limited. 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.

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.