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 ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:
Computershare Ltd (ASX: CPU)
According to a note out of Macquarie, its analysts have retained their outperform rating and $15.95 price target on this administration services company’s shares. Macquarie’s research appears to show that Computershare is losing market share in the US Mortgage Servicing market. It suspects this could weigh on its short term earnings. However, the broker believes investors should look beyond this short term weakness and focus on the sizeable long term opportunity it has over the in the US. The Computershare share price is trading at $14.57 today.
Super Retail Group Ltd (ASX: SUL)
Analysts at Goldman Sachs have retained their buy rating and $14.80 price target on this retailer’s shares. According to the note, the broker is expecting Super Retail to deliver a half year profit a touch ahead of the market consensus estimate. It expects this to lead to a dividend increase notably ahead of what the market is expecting. It has pencilled in a 42.7 cents per share interim dividend, compared to the consensus estimate of 37 cents per share. The Super Retail share price is trading at $11.86 on Monday.
Woolworths Group Ltd (ASX: WOW)
Another note out of Macquarie reveals that its analysts have retained their outperform rating and lifted the price target on this retail giant’s shares to $44.50. According to the note, the broker believes that Woolworths will benefit from strong consumer spending in 2021. The broker also feels that the company’s online business is outperforming its peers and winning market share. It suspects this trend could continue. The Woolworths share price is fetching $41.68 on Monday afternoon.