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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Flight Centre Travel Group Ltd (ASX: FLT)
According to a note out of Citi, its analysts have retained their buy rating and $24.15 price target on this travel agent's shares. The broker has been reviewing the travel sector following earnings season. Flight Centre has come out of its review favourably, with the broker continuing to prefer it over its rivals. Particularly given probable corporate travel market share gains in the ANZ region. The Flight Centre share price is trading at $21.54 on Monday.
Goodman Group (ASX: GMG)
A note out of Macquarie reveals that its analysts have retained their outperform rating on this industrial property company's shares with an improved price target of $34.89. This follows a post-earnings season review of the listed property sector. Macquarie was pleased with Goodman's performance and highlighted the company as a top pick. Especially given its potential to deliver double-digit earnings growth over the coming years. The Goodman share price is fetching $30.47 today.
IDP Education Ltd (ASX: IEL)
Analysts at Goldman Sachs have retained their buy rating and $26.60 price target on this language testing and student placement company's shares. Goldman acknowledges that IDP Education continues to be impacted by regulatory changes that are restricting the flow of international students. However, it points out that the company is well positioned to capitalise when conditions normalise given improving student placement market share and investments into its network and platforms. The IDP Education share price is trading at $18.85 today.
