Bell Potter says these ASX 200 shares can deliver ~30% returns

Big returns could be on the cards for buyers of these stocks.

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If you're on the hunt for some big returns for your portfolio, then you may want to check out these ASX 200 shares in this article.

That's because Bell Potter has named them as buys and is tipping them to deliver mouth-watering returns over the next 12 months. Here's what the broker is saying about them:

Amotiv Ltd (ASX: AOV)

Bell Potter remains very positive on Amotiv, which was until recently known as GUD Holdings.

It is a consumer and industrial products company primarily focusing on automotive aftermarket parts and accessories. For automotive aftermarket products, its brands include Ryco, Wesfil, Goss, Brown and Watson. And for 4WD accessories, it operates under the APG brand.

Bell Potter likes this ASX 200 share due to its undemanding valuation and positive outlook. It explains:

We are Buy-rated on Amotiv and consider it to be fundamentally a good business and we note upside may exist from APG's geographic expansion which is not in our earnings forecasts. The legacy auto business has been reasonably strong to date in an environment where there is increased risk around service trade down and deferral. The stock's valuation is not demanding at 13x FY25 PE. Overall, our Buy rating for AOV is predicated on the relative resilience of the legacy auto business and improving momentum in new car sales, which should be favourable for APG's earnings.

The broker currently has a buy rating and $12.80 price target on its shares. This implies potential upside of almost 27% for investors. The total return stretches to 30% including dividends.

Capricorn Metals Ltd (ASX: CMM)

Another ASX 200 share that could offer big returns is Capricorn Metals. It is a gold exploration and development company whose primary asset its 100%-owned Karlawinda Gold Project (KGP) in Western Australia.

Bell Potter has been very impressed with the quality of the KGP operation and management's strong track record. It explains:

CMM's management team has a track record of capital efficient project funding, development, commissioning and operation. In our view, FY25 and FY26 should benefit from higher revenue and EPS increases by 32% and 6% respectively. CMM is a sector leading gold producer with a strong balance sheet, a management team with an excellent track record of delivery and clear organic growth options to lift group production to 270kozpa.

The broker currently has a buy rating and $6.53 price target on its shares. This suggests that its shares could rise almost 30% from current levels.

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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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