The three ASX shares I'm going to mention in this article are rated as 'buys' by several brokers.
It's quite hard to find businesses that are both good businesses and trading at a good price. Even then, one person might say Commonwealth Bank of Australia (ASX: CBA) and another says that AGL Energy Ltd (ASX: AGL) is a better choice.
Investment site MarketIndex regularly collates the ratings of brokers together to assess what the broker community collectively think are opportunities. Of course, this still isn't a guarantee of success – they could all be herding together.
With that in mind, here are three ASX shares that brokers like:
Lendlease Group (ASX: LLC)
Property and infrastructure business Lendlease Group is rated as a buy by at least nine brokers. One of the few undeniable opportunities in most economies at the moment is infrastructure construction and urban regeneration.
Lendlease has an urban generation pipeline of nearly $60 billion with 20 major urbanisation projects across 10 gateway cities. It also operates one of the largest retirement living businesses in Australia and wants to establish itself as a major player in China.
It's currently trading at only 10x FY20's estimated earnings.
Star Entertainment Group Ltd (ASX: SGR)
The casino operator has received a bit of a boost today from the bid for Crown Resorts Ltd (ASX: CWN). Star is currently rated as a buy by at least nine brokers.
Concerns surrounding a slowdown of VIP gaming has sent the share price lower and this could be an opportunity to acquire shares at a cheaper price.
However, I would be a bit concerned about what might happen when Crown Sydney opens, as that may steal some customers away from Star Sydney.
It's currently trading at 15x FY20's estimated earnings.
Link Administration Holdings Ltd (ASX: LNK)
Link is currently rated as a buy by at least nine brokers.
Link is one of the largest Australian share registry service providers and it also provides administration services for many Australian superannuation funds, it serves around 10 million superannuation account holders due to its extremely low cost of annual fees. Link also owns 44.2% of PEXA, the digital conveyancing service which has a potential market size of $244 million per annum.
It's currently trading at 17x FY20's estimated earnings.
Foolish takeaway
Each of these businesses are well liked by brokers and could be long-term opportunities. In the shorter-term I think Link looks like a good idea with its high level of recurring revenue, but Lendlease's development pipeline looks very promising for the long-term.
