3 dominant ASX 200 shares just upgraded by top brokers

Top brokers have upped their ratings for these three dominating ASX 200 shares.

| More on:

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

Three market-dominating S&P/ASX 200 Index (ASX: XJO) shares just earned upgrades from leading brokers.

One is a major Australian energy provider.

The second makes up one of the big four Aussie banks.

And the third is a $3.8 billion coal miner.

Which companies are we talking about?

I'm glad you asked!

(Broker data courtesy of The Australian.)

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares

Image source: Getty Images

Three top ASX 200 shares earning broker upgrades

National Australia Bank Ltd (ASX: NAB) is the first ASX 200 share to receive an upgraded broker rating.

Shares in the big four Aussie bank are up 0.7% today, trading for $39.14 apiece. That sees the NAB share price up 32% over the past 12 months. Atop those share price gains, NAB shares also trade on a 4.3% fully franked trailing dividend yield.

Morgan Stanley is enthusiastic about NAB shares, raising the bank stock to an overweight rating. But while Morgan Stanley may have raised its rating, the broker's price target of $38.00 is some 3% below the current NAB share price.

Moving on to the second dominant ASX 200 share earning a broker upgrade, we have Origin Energy Ltd (ASX: ORG).

Shares in the Australian energy provider are up 3.2% in late morning trade, changing hands for $9.85 each. With those intraday gains factored in, the Origin Energy share price is up 14% over the past 12 months.

Along with those share price gains, Origin Energy shares trade on a 5.6% fully franked trailing dividend yield.

And Macquarie forecasts more gains ahead. The broker raised the energy provided to an outperform rating with a $10.43 price target. That represents a potential upside of just under 6% from the current Origin Energy share price.

Which brings us to the third ASX 200 share receiving a broker upgrade, New Hope Corp Ltd (ASX: NHC).

Shares in the Aussie coal miner are up 4.2% at the time of writing, swapping hands for $4.50 each. Amid lower coal prices, down some 12% since this time last year, the New Hope share price is down 26% over the past 12 months.

But long-term shareholders won't be out quite that much, with New Hope shares trading on an 8.7% fully franked trailing dividend yield.

Morgans Financial believes the Aussie coal miner is now trading at a bargain. The broker raised New Hope to an add rating with a $5.20 price target. That represents a potential upside of almost 16% from the current New Hope share price.

Foolish takeaway

Whether you're looking to invest in ASX 200 shares in the banking, utility, or mining sectors, do your own research first. If you're uncomfortable with that or simply feel time-poor, seek expert advice.

Motley Fool contributor Bernd Struben 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. 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 smiling woman at a hardware shop selects paint colours from a wall display.
Broker Notes

Wesfarmers shares: Buy, hold or sell?

A leading analyst delivers his verdict on Wesfarmers shares.

Read more »

Businessman working and using Digital Tablet new business project finance investment at coffee cafe.
Broker Notes

Buy, hold, sell: Cochlear, CSL, and DroneShield shares

Are these hugely popular shares in the buy zone or not? Let's find out.

Read more »

Man with rocket wings which have flames coming out of them.
Broker Notes

These ASX 200 shares could rise ~40% to 80%

Brokers are predicting big returns for these top shares. Here's what you need to know.

Read more »

Person pointing at an increasing blue graph which represents a rising share price.
Broker Notes

2 ASX 200 stocks that could rise 50%

Morgans thinks the market is undervaluing these shares.

Read more »

Contented looking man leans back in his chair at his desk and smiles.
Broker Notes

Brokers name 3 ASX shares to buy right now

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

Read more »

Dollar sign in yellow with a red falling arrow in front of a graph, symbolising a falling share price.
Broker Notes

6 ASX 200 shares downgraded by brokers this week

Brokers have reduced their ratings on TechnologyOne, Macquarie, 4DMedical, and others this week.

Read more »

A woman is excited as she reads the latest rumour on her phone.
Broker Notes

Could these ASX stocks really be set to double after crashing this week?

These companies are expected to rebound.

Read more »

A man in a sweatshirt holds two different phones to compare telco services.
Broker Notes

Forget Rio Tinto and buy this ASX copper share

Bell Potter thinks this stock could be a good alternative to the mining giant.

Read more »