With so many shares to choose from on the Australian share market, it can be hard to decide which ones to buy.
The good news is that brokers across the country are doing a lot of the hard work for you.
Three top shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
FlexiGroup Limited (ASX: FXL)
According to a note out of the Macquarie equities desk, its analysts have upgraded this diversified financial services company's shares to an outperform rating with an improved price target of $2.04. The broker appeared to be pleased with its latest update and sees a lot of promise in the company's buy now, pay later platform – humm. I agree with Macquarie on FlexiGroup and believe it could be a great way to gain exposure to the fast-growing buy now, pay later market. I would class its shares as a buy
Lovisa Holdings Ltd (ASX: LOV)
Analysts at Citi have retained their buy rating and $10.75 price target on this jewellery retailer's shares. According to the note, the broker's research indicates that its store roll out is on track. And whilst the roll out in Europe may be slowing, this could be offset with a better than expected roll out in the United States. I think Citi is spot on with Lovisa and feel it could be a great long term investment if its expansion into the United States succeeds.
REA Group Limited (ASX: REA)
A note out of Goldman Sachs reveals that its analysts have held firm with their buy rating but trimmed the price target on this property listings company's shares ever so slightly to $90.30 following the release of its third quarter update. Goldman was pleased with the company's performance in the third quarter, which was in line with its expectations. Overall, REA Group remains one of its favourites in the ANZ Media industry given the robust medium term outlook in digital real estate. I agree with Goldman Sachs and think REA Group would be an outstanding buy and hold investment.
