3 top mid cap shares on my shopping list

I believe there is a lot of quality in the mid cap space right now for investors to choose from. So much so, I suspect investors may have trouble deciding which shares to buy ahead of others.

To help you on your way I have picked out three top mid cap shares that I would consider buying this week. They are as follows:

Accent Group Ltd (ASX: AX1)

Accent Group, formerly known as RCG Corporation, is a footwear retailer which I think would be a great option for investors right now. It is the company behind retail stores including Athlete’s Foot and HYPE DC and has exclusive licenses for a wide range of popular footwear brands in Australia. In FY 2018 Accent posted a 17.9% jump in net profit after tax to $47.1 million. Pleasingly, in its results release management also reported a solid increase in like for like sales so far in FY 2019, putting the company in a position to deliver a strong result again this year. Another bonus is that its shares provide a generous and fully franked dividend.

Codan Limited (ASX: CDA)

Codan is a radio communications, metal detection, and mining technology company that I think would be well worth a closer look. In FY 2018 management estimates that base-business net profit after tax increased to between $25 million and $30 million from $20 million to $25 million a year earlier. Codan uses a base-business estimate to strip out the outperformance that can occur from time to time due to large one-offs, thus making a fairer comparison. The good news is that I expect more of the same in FY 2019 thanks to the strength of its core business, new product releases, and a global licensing agreement with U.S. giant Caterpillar for its Minetec business. Ltd (ASX: KGN)

With Australia’s ecommerce market expected to grow at a strong rate over the coming years as more and more shopping shifts online, I believe this fast-growing ecommerce company could be a big winner. While I was disappointed that the company decided against providing a trading update or guidance in its full year results, I remain confident that Kogan is positioned to have another strong year in FY 2019. So with its shares down 38.5% from their 52-week high, now could be an opportune time to pick them up.

If you've room in your portfolio for more mid caps then don't miss out on these stellar growth shares.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended ltd. 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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