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:
Bravura Solutions Ltd (ASX: BVS)
A note out of the Macquarie equities desk reveals that its analysts have retained their outperform rating and lifted the price target on this fintech company's shares to $5.55. According to the note, Macquarie was pleased with Bravura's full year results and its decision to acquire Midwinter. It believes the latter gives the company a new avenue for growth in an industry benefiting from structural tailwinds. I agree with Macquarie and think Bravura would be a great long term investment.
Coles Group Ltd (ASX: COL)
According to a note out of Goldman Sachs, its analysts have retained their buy rating and $14.10 price target on this supermarket giant's shares after it delivered a better than expected FY 2019 performance. Coles posted an underlying EBIT of $1,325 million, which was 1.1% ahead of the broker's estimates. Combined with its positive medium term outlook and attractive valuation, Goldman continues to see it as a share to buy. I agree with Goldman on Coles and would also class its shares as a buy.
Flight Centre Travel Group Ltd (ASX: FLT)
Analysts at Ord Minnett have retained their buy rating but trimmed their price target on this travel agent's shares slightly to $52.11. According to the note, Flight Centre delivered a full year result ahead of its expectations in FY 2019. Looking ahead, the broker is optimistic on the future, especially given the improvements being seen in the key Australian leisure segment. Although it isn't my favourite option in the space, I agree with Ord Minnett that its shares are good value right now.
