MENU

Leading brokers name 3 ASX shares to buy today

Many of Australia’s leading brokers have been busy adjusting their discounted cash flow models and recommendations to reflect recent developments.

This has led to a number of broker notes hitting the wires. Three shares that are in favour with brokers this week are listed below. Here’s why they have buy ratings on their shares:

Costa Group Holdings Ltd (ASX: CGC)

According to a note out of UBS, its analysts have retained their buy rating and $8.20 price target on this horticulture company’s shares after it announced an agreement to acquire the farming operations of Nangiloc Colignan Farm. These include high quality citrus and grape production across 567 hectares. UBS believes that the acquisition will be immediately earnings accretive and should provide further upside in the future. The broker currently forecasts earnings growth in the region of 17% per annum for the next three years, excluding the potential benefits from Nangiloc Colignan Farm. I agree with UBS on Costa Group and think it would be a great option for investors.

G8 Education Ltd (ASX: GEM)

A note out of Morgan Stanley reveals that its analysts have upgraded G8 Education to an overweight rating with an increased price target of $3.25. According to the note, the broker has made the move on the belief that occupancy rates have bottomed sooner than expected. It expects this to lead to improvements in its earnings in FY 2019. While I do believe things are looking a lot better in the childcare industry, I intend to wait for signs that the recovery in occupancy levels is not just a one-off.

Kogan.com Ltd (ASX: KGN)

Analysts at UBS have retained their buy rating and $5.50 price target on this ecommerce company’s shares following the release of an update at its annual general meeting last week. The broker appears to have been pleased to see improvements in its revenue and gross margin. It also believes that rising costs are to be expected. And due to the importance of the Christmas period, the broker does believe risks are elevated, but not enough for it to take off its buy rating. I like Kogan and think its shares look to be great value, but I’ll be waiting for its half-year results before considering an investment.

Looking for more buy rated shares? Check out these blue chip shares that have been named as buys for 2019.

Top 3 ASX Blue Chips To Buy For 2019

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 2019."

Each one pays a fully franked dividend. 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 COSTA GRP FPO. The Motley Fool Australia has recommended Kogan.com 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.

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…

Including:

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!