I think there is a lot of quality in the mid cap space right now for investors to choose from. The hardest thing might be deciding which shares to buy ahead of others.
To help narrow things down I have picked out three top mid cap shares that I would consider buying this week. They are as follows:
Bingo Industries Ltd (ASX: BIN)
Bingo Industries is a waste management company which I believe is a great option for investors. Last year Bingo delivered a 44.8% increase in pro forma profit to $48.2 million. This was driven by its expanding footprint and exposure to strong end markets which have been supported by economic tailwinds, favourable demographics, and robust construction activity. Pleasingly, management is confident that the strong growth can continue in FY 2019. It has provided EBITDA growth guidance in the range of 15% to 20%, though this does not include the benefits of its proposed $577.5 million acquisition of Dial A Dump Industries.
Citadel Group Ltd (ASX: CGL)
Citadel is a growing software and services company specialising in IT security and data management. It is one of my favourite shares in the tech sector right now and a company which I believe has strong long-term growth potential due to the growing amount of data being generated by businesses and how important it is to keep it secure. Citadel should benefit from this trend thanks to the growing popularity of its Citadel-Information Exchange (Citadel-IX) cloud-based enterprise information management platform. This platform allows its users to securely access and transfer proprietary and sensitive information remotely.
Helloworld Travel Ltd (ASX: HLO)
There are a lot of quality options in the travel and tourism sector, but I think one of the best would have to be Helloworld. It is an integrated travel company that has been delivering impressive growth over the last couple of years. This was especially the case in FY 2018 when the company posted a 3.5% increase in total transaction value to $6.1 billion and an impressive 48.1% increase in profit after tax to $32 million. Management expects the company’s strong performance to continue in FY 2019 and has provided earnings growth guidance in the range of 16.5% and 23%. Despite this strong growth, its shares still change hands at a reasonable 18.5x estimated forward earnings.
And here are three more mid cap stars that have been tipped for big things.
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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 Citadel Group Ltd and 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.