Leading brokers name 3 ASX shares to buy today

Leading brokers have named CSL Limited (ASX:CSL) and these ASX shares as buys this week. Here's why they are bullish on them…

| More on:

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

With so many shares to choose from on the ASX, 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:

Breville Group Ltd (ASX: BRG)

According to a note out of UBS, its analysts have retained their buy rating and lifted their price target on this appliance manufacturer's shares to $29.90. This follows the announcement of its acquisition of coffee grinding company Baratza for US$60 million. UBS notes that the company has made similarly successful bolt-on acquisitions in the past and expects this one to be approximately 3% accretive to earnings. I agree with UBS and feel Breville would be a good option for investors.

CSL Limited (ASX: CSL)

Another note out of UBS reveals that its analysts have retained their buy rating and $346.00 price target on this biotherapeutics company's shares. The broker notes that recent industry data shows that immunoglobulins demand has been strong in 2020, while albumin demand has softened. Outside this, the broker believes CSL's plasma collections could be down 20% between April and September because of the pandemic. However, it appears confident that collections will recover shortly and holds firm with its buy rating. I think UBS is spot on and investors should take advantage of recent weakness in the CSL share price.

Sydney Airport Holdings Pty Ltd (ASX: SYD)

Analysts at Goldman Sachs have reaffirmed their buy rating and lifted the price target on this airport operator's shares to $7.02. According to the note, the broker believes that Sydney Airport is well-positioned to benefit from a stronger and quicker than expected recovery in the domestic travel market. And while it expects this to lead to a 14 cents per share distribution in FY 2021, a more normal 26 cents per share distribution is expected in FY 2022. The latter equates to a 4.4% yield. I agree with Goldman Sachs and feel Sydney Airport would be a top option for income investors.

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. The Motley Fool Australia has no position in any of the stocks mentioned. 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

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Share Gainers

These were the best-performing ASX 200 shares in March

These shares made their shareholders smile in March thanks to some very big gains.

Read more »

Businessman using a digital tablet with a graphical chart, symbolising the stock market.
Opinions

2 ASX shares I have been buying in 2024!

I’m a believer in the long-term outlook of these stocks.

Read more »

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 »