9 ASX All Ords shares elevated to 'strong buy' status in April

Let's check them out.

Man puts hands in the air and cheers with head back while holding phone and coffee

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

It was a poor month for S&P/ASX All Ords (ASX: XAO) shares in April, with a 2.72% fall.

But analysts think these nine ASX All Ords shares have a bright future ahead.

Market analysts on CommSec upgraded all of them to a strong buy rating last month.

9 ASX All Ords upgraded to a strong buy rating in April

Suncorp Group Ltd (ASX: SUN)

The consensus rating on Suncorp shares was upgraded to strong buy on 29 April.

The Suncorp share price is currently $16.32, up 0.46%.

Goldman Sachs has a buy rating and a 12-month share price target of $17.54 on the ASX All Ords banking and insurance stock.

The broker says Suncorp is well-positioned for growth in today's buzzing general insurance market. Insurers are benefiting from strong renewal premium increases and higher investment yields. 

Silver Lake Resources Ltd (ASX: SLR)

Silver Lake shares were upgraded to strong buy on 26 April.

Today, the ASX All Ords gold share is trading for $1.42, up 3.04%.

A strong gold price has pushed many ASX gold stocks higher in recent months. Silver Lake was among the top 5 best performing shares last month.

Australian Unity Office Property Fund (ASX: AOF)

This ASX All Ords real estate share was upgraded to a strong buy rating on 19 April.

Today, the Australian Unity Office Property Fund share price is $1.26, down 1.94%.

Chalice Mining Ltd (ASX: CHN)

Chalice Mining shares were upgraded to strong buy on 19 April.

Today, the Chalice Mining share price is $1.10, down 6.81%.

The ASX All Ords mining share fell 2.02% on Tuesday after the company released an update.

The miner reported $107 million in cash and investments and a $7 million spend in the March quarter, down 55% on the December quarter.

The company also updated its Gonneville Project high-grade sulphide mineral resource estimate to 59Mt @ 2.0g/t 3E2, 0.20% Ni, 0.21% Cu, 0.019% Co.

Macquarie Technology Group Ltd (ASX: MAQ)

Shares in this data centre operator were upgraded to a strong buy rating on 19 April.

Today, the ASX All Ords tech share is $80.27, down 0.86%.

Last month, Macquarie completed an institutional placement to raise $100 million at $72.50 per new share.

Goldman Sachs has a buy rating on the stock with a 12-month share price target of $93.

LGI Ltd (ASX: LGI)

LGI shares were upgraded to strong buy on 18 April.

Today, the landfill gas-to-power generation stock is up 3.45% to $3.00.

The company released a new investor presentation last month.

GUD Holdings Limited (ASX: GUD)

GUD Holdings shares were upgraded to strong buy on 8 April.

Shares in the automotive aftermarket distributor are up 0.20% to $10.22 today.

Bell Potter has a buy rating and a 12-month share price target of $12.80 on GUD.

Hasting Technology Metals Ltd (ASX: HAS)

The consensus rating on Hastings Technology Metals was upgraded to strong buy on 3 April.

Today the ASX All Ords rare earths share is trading at 33 cents, down 2.99%.

The explorer released its quarterly activities report on Tuesday.

A highlight of the March quarter was signing a binding term sheet with Baotou Sky Rock for an integrated processing and offtake arrangement.

Mesoblast Ltd (ASX: MSB)

Mesoblast shares were upgraded to strong buy on 2 April.

Today, the ASX All Ords healthcare share is $1.06, down 4.09%.

Mesoblast released its quarterly update on Tuesday. It reported royalty receipts of US$1.7 million and an operating cash outflow of US$11.6 million for the March quarter.

Mesoblast also announced the exit of chair Joseph R. Swedish, who will be replaced by Jane Bell AM.

Bell Potter has a speculative buy rating on Mesoblast.

The broker recently raised its 12-month share price target to $1.40.

Motley Fool contributor Bronwyn Allen has positions in Mesoblast. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has recommended LGI Limited. 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

A young woman lifts her red glasses with one hand as she takes a closer look at news about interest rates rising and one expert's surprising recommendation as to which ASX shares to buy
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

A man clenches his fists in excitement as gold coins fall from the sky.
Broker Notes

These ASX 300 shares could rise 35% to 65%

Analysts are tipping these shares to rise strongly from current levels. How high could they go?

Read more »

a man in a high visibility vest and hard hat holds a thumbs up at a mine site with heavy equipment in the background.
Broker Notes

What are brokers saying about BHP shares following the miner's quarterly results?

Analysts have crunched the numbers.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

Man on a laptop thinking.
Broker Notes

Why did Goldman Sachs just downgrade Wesfarmers shares?

The ASX 200 conglomerate has had a ripper run of share price growth. So why is Goldman Sachs downgrading it?

Read more »

A man holds his head in his hands, despairing at the bad result he's reading on his computer.
Broker Notes

Why these 4 ASX 200 shares just got downgraded by top brokers

Leading brokers have downgraded their outlooks for these ASX 200 shares. But why?

Read more »

Investor sitting in front of multiple screens watching share prices
Broker Notes

Top brokers name 3 ASX shares to buy today

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

Read more »

A young man wearing a black and white striped t-shirt looks surprised.
Broker Notes

Why this beaten-down ASX 200 stock can jump 24%

Goldman Sachs thinks this sold off stock could generate big returns for investors.

Read more »