Why Bravura, Costa, Inghams, & Propel shares are pushing higher

Bravura Solutions Ltd (ASX:BVS) and Propel Funeral Partners Ltd (ASX:PFP) shares are two of four pushing notably higher on Monday…

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has given back its morning gains and is edging lower. At the time of writing, the benchmark index is down 0.1% to 7,173.4 points.

Four ASX shares that have not let that hold them back today are listed below. Here’s why they are pushing higher:

Bravura Solutions Ltd (ASX: BVS)

The Bravura share price is up 7% to $3.52. This is despite there being no news out of the financial technology company today. However, as I noted at the weekend, Bravura has been tipped as a share to buy recently by analysts at Goldman Sachs. They see a lot of value in its shares at the current level.

Costa Group Holdings Ltd (ASX: CGC)

The Costa share price is rebounding from last week’s selloff and is up 3.5% to $3.43. Bargain hunters may be swooping in today on the belief that the horticulture company’s shares were oversold last week. Investors were heading to the exits in their droves following the release of an update at Costa’s annual general meeting.

Inghams Group Ltd (ASX: ING)

The Inghams share price is up 2.5% to $3.50. This morning analysts at Goldman Sachs released a bullish broker note relating to the poultry producer. According to the note, the broker has retained its buy rating and lifted its price target to $4.50. Goldman made the move in response to the company’s solid trading update released at the end of last week.

Propel Funeral Partners Ltd (ASX: PFP)

The Propel share price has risen 6% to $3.62. The catalyst for this was news that the funeral company has entered into an implementation agreement with its manager, Propel Investments. The agreement is intended to internalise key senior management functions. The independent directors stated that they believe the internalisation proposal is in the best interests of Propel Funeral and its shareholders.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd and COSTA GRP FPO. The Motley Fool Australia has recommended Propel Funeral Partners Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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