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:
Image source: Getty Images
Bapcor Ltd (ASX: BAP)
According to a note out of Ord Minnett, its analysts have retained their buy rating and $8.40 price target on this auto parts company. The broker has been looking at the recent results of rival Genuine Parts, which owns Repco, and believes it points to strong trading conditions for Bapcor. Particularly given that Genuine Parts revealed that its strong quarter was not driven by promotions or discounts. The Bapcor share price was trading at $6.66 at Monday's close.
BHP Group Ltd (ASX: BHP)
A note out of Macquarie reveals that its analysts have retained their outperform rating on this mining giant's shares with a trimmed price target of $52.00. Macquarie felt that BHP's quarterly update was a touch on the mixed side. Iron ore and metallurgical coal were strong, but copper and nickel were soft. Nevertheless, the broker still sees plenty of value in its shares and expects the OZ Minerals acquisition to give its copper operations a major boost. The BHP share price was fetching $44.17 yesterday.
Whitehaven Coal Ltd (ASX: WHC)
Analysts at Morgans have retained their add rating on this coal miner's shares with a slightly lowered price target of $9.60. Morgans believes that all the bad news is now priced into Whitehaven Coal shares, making this a very attractive buying opportunity for investors. Particularly given its expectation for 8% dividend yields this year and next. The Whitehaven Coal share price closed yesterday's session at $7.22.
