3 quality mid cap ASX shares rated as buys

Bravura Solutions Ltd (ASX:BVS) and these ASX mid cap shares could be great options for investors. Here’s why they are rated as buys…

| More on:
3 asx shares represented by investor holding up 3 fingers

Image source: Getty Images

In the mid cap space there are a good number of shares that have the potential to grow strongly over the next decade, potentially generating market-beating returns for shareholders.

Three that could be great options for long-term focused investors are listed below. Here’s why they are highly rated:

Bravura Solutions Ltd (ASX: BVS)

The first mid cap ASX share to look at is Bravura. It is a leading provider of software solutions for the wealth management and funds administration industries. Bravura has a portfolio of solutions that are both high quality and have significant market opportunities. This is particularly the case for the Sonata wealth management platform, which is used by a number of large financial institutions.

Earlier this week, Goldman Sachs retained its buy rating and lifted its price target on the company’s shares to $3.90.

Collins Foods Ltd (ASX: CKF)

Another mid cap ASX share to consider buying is Collins Foods. It is one of the largest quick service restaurant operators in the ANZ region. It currently operates 251 KFC stores in Australia, 45 KFC stores in Europe, and 16 Taco Bell across Queensland and Victoria. Positively, management still sees plenty of room to expand its network in the future, particularly in the underpenetrated European market. Combined with the continued popularity of its brands, this should be supportive of further earnings and dividend growth long into the future.

UBS currently has a buy rating and $11.65 price target on its shares.

Kogan.com Ltd (ASX: KGN)

A final mid cap ASX share to consider is Kogan. It is one of Australia’s leading ecommerce companies and has been growing at an explosive rate over the last 12 months. And while its growth is now slowing as tailwinds ease, its long term potential remains as bright as ever. This is thanks to the ongoing shift to online shopping and its strong market position.

One broker that believes that a recent pullback in the Kogan share price is a buying opportunity is Credit Suisse. Last week it retained its outperform rating and trimmed its price target to $17.93. This is materially higher than where it trades today.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Bravura Solutions Ltd and Kogan.com ltd. The Motley Fool Australia has recommended Bravura Solutions Ltd, Collins Foods Limited, and Kogan.com ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Growth Shares