Brokers name 3 ASX shares to buy today

A2 Milk Company Ltd (ASX:A2M) shares are one of three that brokers have named as buys this week…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

A large number of broker notes have hit the wires this week, leading to many popular shares being declared buys and sells.

Three shares that are in favour with brokers and have been given a buy rating are listed below. Here's why they are bullish on them:

A2 Milk Company Ltd (ASX: A2M)

According to a note out of Deutsche Bank, its analysts have retained their buy rating and increased their price target on this infant formula and fresh milk company's shares to NZ$17.00 (A$16.09) following its third quarter update. That update revealed that a2 Milk Company's growth continued in the third quarter, with the company reporting a 42% increase in group revenue over the first nine months of FY 2019 to NZ$938 million. I agree with Deutsche on a2 Milk Company and think it could be a great long-term investment.

CSL Limited (ASX: CSL)

A note out of Citi reveals that its analysts have retained their buy rating and lifted the price target on this biotherapeutics company's shares to $236.60. According to the note, the broker made the move partly after looking through the company's research and development pipeline. Citi believes there are a number of products in its pipeline that could contribute materially to its earnings in the medium term. I think Citi is spot on with CSL and believe it is one of the best buy and hold options on the Australian share market.

Hansen Technologies Limited (ASX: HSN)

Analysts at Ord Minnett have upgraded this billing technology company's shares to a buy rating with an increased price target of $3.95. According to the note, the broker made the move in response to its acquisition of Canada-based Sigma Systems for A$166.2 million this week. The broker believes the acquisition is a good one and expects it to be 20% accretive to earnings. Whilst I've been very disappointed with its performance over the last couple of years, this acquisition could be just what Hansen Technologies needs to get it on the right path again. This could make it worth taking a closer look.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. and Hansen Technologies. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Hansen Technologies. 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.

More on Share Market News

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Burgundy Diamond Mines, Clarity Pharmaceuticals, EML, and Zip are sinking today

These ASX shares are ending the week in the red. But why?

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

a young boy dressed up in a business suit and tie has a cute grin and holds two fingers up.
Opinions

2 of my top ASX 200 shares to consider buying before April

I would happily exchange dollars for these two shares right now.

Read more »

Father in the ocean with his daughters, symbolising passive income.
Dividend Investing

I'd spend $8k on these ASX 200 shares today to target a $6,102 annual passive income

I believe these ASX 200 shares will continue rewarding passive income investors for years to come.

Read more »

Three businesspeople leap high with the CBD in the background.
Share Market News

Boom! ASX 200 blasts to new record highs

ASX 200 investors just sent the benchmark index into uncharted territory.

Read more »