If you are one of the many Australians out there operating a self-managed super fund, then read on!
That's because listed below are four ASX shares that could be quality buy and hold options for a super fund. Here's what analysts are saying about them:
CSL Ltd (ASX: CSL)
The team at Bell Potter thinks that this ASX share could be a great long term option for investors.
Last week, the broker initiated coverage on the biotechnology company and highlighted the positive outlook of the key CSL Behring business. It said:
In our view the stock looks undervalued on a PE ratio 18%/8% below 5yr/10yr historical averages and is set for double-digit earnings growth driven by the core Behring division.
Bell Potter has a buy rating and $345.00 price target on its shares.
Lovisa Holdings Ltd (ASX: LOV)
Morgans thinks that fashion jewellery retailer Lovisa could be a quality ASX share to buy and hold.
The broker notes that the company has the potential to become a true global brand. It recently commented:
Lovisa has proven it can successfully build out its unique brand in many diverse territories around the world on its journey to becoming a truly global brand. It's at times like these that investors should be getting set to reap the rewards of this strategy over the longer term.
Morgans has an add rating and $36.50 price target on its shares.
WiseTech Global Ltd (ASX: WTC)
The team at Goldman Sachs feels that recent share price weakness makes WiseTech Global an ASX share to buy.
The broker believes the logistics solutions company is well-placed for strong growth in the coming years. It said:
We believe the significant sell off in WTC presents a compelling opportunity to buy one of Australia's best global growth stories, ahead of an acceleration in its organic earnings growth, at a reasonable valuation.
Goldman has a buy rating and $138.00 price target on the company's shares.
Xero Ltd (ASX: XRO)
Another ASX share that could be a great buy and hold option according to analysts is Xero.
Goldman Sachs is also very bullish on this cloud accounting platform provider and named it as its favourite large cap pick in the technology space. It said:
Given the company's pivot to profitable growth and corresponding faster earnings ramp, we see an attractive entry point into a global growth story with Xero our preferred large-cap technology name in ANZ.
The broker has a conviction buy rating and $201.00 price target on its shares.
