With so many shares to choose from on the ASX, it can be difficult 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:
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NIB Holdings Limited (ASX: NHF)
According to a note out of Citi, its analysts have retained their buy rating on this private health insurer's shares with a trimmed price target of $8.35. With the Australian resident health insurance business reporting stronger growth than at this stage a year ago and decent momentum in international and NZ, Citi believes that NIB looks attractive. And while claims inflation is likely picking up, it believes the company should be in a strong position to manage this. The NIB share price is trading at $7.50 on Monday.
REA Group Ltd (ASX: REA)
A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $200 price target on this property listings company's shares. This follows the release of a solid first-quarter update from the realestate.com.au operator. The broker was particularly pleased with REA's good cost control and strong ad yields. The REA share price is fetching $153.08 this afternoon.
Seven Group Holdings Ltd (ASX: SVW)
Analysts at Bell Potter have retained their buy rating and $33.00 price target on this diversified operating and investment company's shares. The broker highlights that Boral Limited (ASX: BLD) has just upgraded its earnings guidance. It believes this implies that Seven is on track to exceed the top-end of its Industrial Services business outlook of "high single to low double-digit" EBIT growth. This bodes well for its FY 2024 results. The Seven Group share price is trading at $29.01 today.
