I think there are a large number of quality mid cap shares for investors to choose from on the ASX 200 right now.
Three which I think are great long term buy and hold options are listed below. Here's why they are on my shopping list in 2019:
Bravura Solutions Ltd (ASX: BVS)
Bravura Solutions is a fintech company that I believe has a lot of potential. The main attraction to the company for me is its popular Sonata wealth management platform. Its strong growth in recent years means the platform has become the company's biggest contributor to earnings. And given its long runway for growth, I expect it to continue to underpin the company's growth for many years to come.
Costa Group Holdings Ltd (ASX: CGC)
Costa is a horticulture company focused on the growing of avocados, berries, citrus fruit, mushrooms, and tomatoes. Thanks to a combination of production expansions, acquisitions, and increasing demand for healthy foods, the company has been growing at a strong rate in recent times. Pleasingly, this looks set to continue over the medium term. Management recently reaffirmed its guidance for low double digit NPAT-S growth for the 12 months ending June 30 and reconfirmed its long-term guidance for an average trajectory of low double digit annual average NPAT-S growth over a three to five-year period.
Webjet Limited (ASX: WEB)
This online travel agent has been one of the best shares to own on the ASX over the last decade. During this period its shares have provided an average annual total return of 30.7%. While it might be wishful thinking to expect the same again over the next 10 years, I still think it has the potential to be a market beater over this period. Especially given the way its numerous brands continue to experience bookings growth well ahead of the industry average.
