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:
Aventus Group (ASX: AVN)
According to a note out of the Macquarie equities desk, its analysts have retained their outperform rating and lifted the price target on this property group's shares to $3.12. The broker made the move after its research indicated that operating conditions have remained solid. It also notes that its tenant base has an improving sales outlook, which should support its future growth plans. Macquarie expects Aventus to pay a dividend of 17.1 cents per share in FY 2020. This equates to a 6.15% dividend yield. I agree with Macquarie on this one and feel it would be a good option for income investors.
Inghams Group Ltd (ASX: ING)
A note out of Citi reveals that its analysts have upgraded this poultry producer's shares to a buy rating with a $3.40 price target. According to the note, the broker believes that its recent share price weakness is a buying opportunity. Especially given the attractive dividend yield that its shares offer in this low interest rate environment. Citi expects a full year FY 2020 dividend of 16.5 cents per share from Inghams. Whilst I think Citi makes some fair points, I wouldn't be a buyer of its shares until feed cost headwinds ease.
Webjet Limited (ASX: WEB)
Analysts at Ord Minnett have retained their buy rating and lifted the price target on this online travel agent's shares to $20.20. According to the note, the broker continues to believe that Webjet's share price weakness is a buying opportunity for investors. This is because it expects the company to be able to grow its EBITDA by a CAGR of almost 14% over the next ten years. I agree with Ord Minnett on Webjet and believe it could be a great long-term investment.
