Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these shares.

| More on:
A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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:

Chalice Mining Ltd (ASX: CHN)

According to a note out of Bell Potter, its analysts have retained their speculative buy rating and $5.40 price target on this mineral exploration company's shares. This follows the release of positive drilling results from its Julimer complex. The broker continues to believe that there's potential for Julimar to emerge as a globally significant and strategic PGE-Ni-Cu deposit and operation. The Chalice Mining share price is trading at $1.64 today.

NIB Holdings Limited (ASX: NHF)

A note out of Morgans reveals that its analysts have retained their add rating and $8.38 price target on this private health insurer's shares. While the broker sees potential changes to the NDIS as a negative for NIB's Thrive business, it isn't enough to dim its view of the company. Particularly given that its shares are trading at an attractive level today. The NIB share price is fetching $7.42 this afternoon.

Santos Ltd (ASX: STO)

Analysts at Macquarie have retained their outperform rating on this energy producer's shares with a slightly trimmed price target of $9.60. The broker believes that merger talks with its rival may not be the only M&A activity. Macquarie suspects that the news could prompt interest from other parties. It also sees opportunities to unlock value from alternatives, such as a demerger. The Santos share price is trading at $7.28 on Monday.

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 positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group and NIB Holdings. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Broker Notes

Two male ASX 200 analysts stand in an office looking at various computer screens showing share prices
Broker Notes

Morgans names 3 ASX stocks to buy following results

Here are three stocks that Morgans is feeling bullish on this week.

Read more »

Woman smiles at camera at she buys greens from the supermarket.
Broker Notes

Are Woolworths shares dirt cheap following the selloff?

Is now the time to pounce? Let's see what one leading broker thinks.

Read more »

A miner in a hardhat makes a sale on his tablet in the field.
Resources Shares

Buy this ASX stock for 'the best lithium mine in the world'

The experts at Blackwattle reckon the battery material will come back into vogue soon, and these are the shares to…

Read more »

Man smiling at a laptop because of a rising share price.
Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

Read more »

a miner wearing a hard hat smiles as he stands in front of heavy earth moving equipment on a barren mine site.
Materials Shares

Should you buy BHP shares following the miner's half-year results?

Should you be snapping up this mining giant's shares? Here's what this broker thinks.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Broker Notes

The best ASX shares to buy with $1,000 right now

Analysts at Morgans see these shares as top options this month.

Read more »

gambling asx share price fall represented by woman in soccer had looking frustrated at tablet screen
Share Fallers

This ASX stock has halved in 6 months. It could be a bargain buy

Remember, what the share price did in the past has nothing to do with what it could do in the…

Read more »

Happy couple with a car dealer.
Broker Notes

Goldman Sachs says buy despite this ASX 200 stock trading at a record high

Let's find out why.

Read more »