The Motley Fool

Leading brokers name 3 ASX shares to sell today

On Monday I looked at three ASX shares that have been given buy ratings by leading brokers this week.

Unfortunately, not all shares are in favour with brokers right now. The three shares listed below have all just been given sell ratings. Here’s why they are bearish on them:

Bendigo and Adelaide Bank Ltd (ASX: BEN)

According to a note out of Goldman Sachs, its analysts have held firm with their sell rating but improved their price target on this regional bank’s shares to $10.59 following its full year results release. Bendigo and Adelaide Bank posted a 6.6% decline in cash earnings to $415.7 million in FY 2019, which even fell short of the broker’s bearish estimates. And while its capital position and net interest margin were stronger than it expected, it wasn’t enough for a change in rating. The bank’s shares are trading 3% lower at $10.78 on Tuesday.

Mirvac Group (ASX: MGR)

A note out of Credit Suisse reveals that its analysts have downgraded this property company’s shares to an underperform rating from neutral but lifted the price target on them to $3.04. According to the note, although Mirvac delivered a full year result in line with expectations and its outlook was stronger than expected, its analysts have downgraded its shares on valuations grounds following a strong share price rise this year. The Mirvac share price is down 1.5%  to $3.20 today.

REA Group Limited (ASX: REA)

Analysts at Morgans have retained their reduce rating but lifted the price target on this property listings company’s shares to $92.07 following the release of its full year results. According to the note, although the company appears confident that listing volumes will be strong in the second half of FY 2020, the broker isn’t convinced this will be the case. It has pushed back its forecasts for a meaningful rebound, which could mean REA Group disappoints over the next 12 months. The REA Group share price is trading 1% lower at $101.80 today.

Those may be the shares to sell, but here are the best shares to buy right now according to one leading analyst.

Our Top 3 Blue Chip Shares for 2019 – NOW AVAILABLE!

You’re invited! For a limited time, The Motley Fool Australia is giving away an urgent new investment report detailing our 3 TOP BLUE CHIP SHARES to own in 2019.

So if you like trustworthy, stable, high-performing companies that pay fat fully franked dividends – we’ve got you covered!

Stock #1 is a beloved old Australian company turning its attention to high-margin businesses... and rapidly returning cash to shareholders with its hefty dividend...

While Stock #2 is an online powerhouse that’s rapidly gaining market share all around the globe... poised for years (or even decades) of tremendous growth...

Even better, Stock #3 offers a whopping 6.5% grossed-up dividend! Which beats the rates on term deposits right out of the water – and offers the potential for capital gains, too.

You can discover all three shares inside our new report right now. To scoop up your FREE copy, simply click the link below right now. But you will want to hurry – this free report is available for a LIMITED TIME ONLY!


Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group Limited. 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.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.