2 All Ords shares this broker rates as buys

Here’s why this leading broker likes these All Ords shares…

| More on:
busy trader on the phone in front of board depicting asx share price risers and fallers

Image source: Getty Images

There are a lot of shares to choose from on the All Ordinaries index. To help narrow things down, I have picked out two that come highly recommended.

Here’s why these could be All Ords shares to buy:

Integral Diagnostics Ltd (ASX: IDX)

The first All Ords share to look at is Integral Diagnostics. Integral Diagnostics is one of the largest diagnostic imaging providers in Australia. It provides imaging services through its six brands. These are Lake Imaging, South Coast Radiology, Global Diagnostics, Imaging Queensland, SRG Radiology, and Trinity MRI.

It has been a strong performer in FY 2021. For example, during the first half it reported a 29.5% increase in revenue to $170.7 million and a 61.1% jump in net profit after tax to $23.2 million.

The good news is that analysts at Goldman Sachs are confident there will be further solid growth in the years to come.

It said: “We believe this medical imaging service provider is a well-run business in an attractive industry, with a relatively secure volume profile of mid/high single digit growth, and a clear path for further growth through brownfield and M&A activities. In our view, IDX is well-positioned to benefit from these key drivers:”

Goldman has a buy rating and $5.50 price target on the company’s shares.

Lifestyle Communities Limited (ASX: LIC)

Another All Ords share to look at is Lifestyle Communities. It builds, owns, and operates land lease communities which provide affordable housing options to Australians over 50. Its land lease model allows working, semi-retired, and retired people to downsize their family home to free up equity in retirement whilst enjoying resort style living.

Goldman Sachs is also confident in Lifestyle Communities’ growth prospects. This is thanks to strengthening demand for land lease options from Australia’s ageing population.

It said: “We see strengthening demand for Land Lease as the aging population looks to enhance retirement by releasing equity from the family home. Our penetration analysis suggests the current 2-3% of people over 65 living in a land lease community could rise to 5% over the medium term; coupled with the absolute increase in over 65s population, LIC is well-placed to grow its occupied lots at a rate of c.15% p.a.”

Goldman has a conviction buy rating and $16.50 price target on the company’s shares.

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 over ten 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 January 12th 2022

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Integral Diagnostics Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

ASX bank shares buy A young boy in a business suit giving thumbs up with piggy banks and coin piles
Share Market News

Could now be a great time to start investing in ASX shares?

Is it a good time to start investing in ASX shares? There has been a lot of volatility in 2022.

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
Share Market News

ASX 200 midday update: Appen crashes, lithum shares jump

The ASX 200 is ending the week strongly...

Read more »

An ASX200 market analyst holds his hand to his chin and looks closely at his computer screens watching share price movements
Share Market News

‘We’re close to the bottom’: Expert flags share market sectors to buy before the rally

It's been a rough year for investors. Luckily, this expert believes global markets are about to rally.

Read more »

Smiling man with phone in wheelchair watching stocks and trends on computer
Share Market News

5 things to watch on the ASX 200 on Friday

The ASX 200 looks set to end the week on a high...

Read more »

Computer key - Top 10 ASX today
Share Market News

Here are the top 10 ASX shares today

Here are your top 10 biggest gainers in the ASX 200 on Thursday.

Read more »

A woman with a loudhailer turns up the volume on her office co-workers
Share Market News

Here are the 3 most traded ASX 200 shares on Thursday

We take a look at the most traded ASX 200 shares by volume today.

Read more »

Woman looks puzzled as she types on laptop and uses phone.
Share Market News

What’s going on with the Australian Vanadium share price today?

Investors may be wary about unspecified additional share dilution from the open-ended share purchase plan.

Read more »

Man looks shocked as he works on laptop on top a skyscraper with stockmarket figures in graphic behind him.
Share Market News

ASX 200 midday update: Appen rockets, Westpac super update

The ASX 200 is being dragged lower on Thursday...

Read more »