5 ASX All Ords shares upgraded to 'strong buy' consensus ratings

Brokers upgraded their ratings on these ASX All Ords stocks last month.

| 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

S&P/ASX All Ords (ASX: XAO) shares are up 1.04% during a great day for the Aussie share market.

The All Ords enjoyed strong momentum in January, with the index lifting an impressive 4.38%.

Here are five ASX All Ords shares that brokers upgraded to a strong buy rating last month.

a man sits at his desk wearing a business shirt and tie and has a hearty laugh at something on his mobile phone.

Image source: Getty Images

5 ASX All Ords shares elevated to 'strong buy' status

The consensus rating on these ASX All Ords shares from market analysts on the CommSec trading platform is a strong buy.

CSL Ltd (ASX: CSL)

Analysts upgraded their consensus rating on CSL shares to a strong buy on 29 January.

The CSL share price is $272.30, up 0.72% at the time of writing.

The market's largest healthcare share by market capitalisation has fallen 9.8% over the past 12 months.

Chalice Mining Limited (ASX: CHN)

Analysts upgraded their consensus rating on Chalice Mining to a strong buy on 23 January.

The Chalice Mining share price is currently $1.23, down 0.24%.

The ASX All Ords mining share is up 40% over the past 12 months.

Abacus Storage King (ASX: ASK)

Analysts upgraded their consensus rating on Abacus Storage shares on 16 January.

The ASX real estate investment trust (REIT) is trading at $1.15 on Thursday, up 1.32%.

Analysts say ASX REITs will benefit from the global trend of falling interest rates.

Top broker JPMorgan has an overweight rating on Abacus Storage King shares.

The ASX All Ords REIT share has risen by only 0.88% over the past 12 months.

Boss Energy Ltd (ASX: BOE)

Brokers upgraded ASX All Ords uranium share Boss Energy to a strong buy on 10 January.

This was despite plenty of short plays on the stock last month.

The upgraded rating came ahead of the company's quarterly update on 29 January, which led to a 16.5% spike in the Boss Energy share price over the last three trading days of the month.

Boss Energy shares rose by 36.2% in January — the strongest result of the ASX 200.

The Boss Energy share price is $3.38, down 0.29% today and down 44% over the past year.

Mesoblast Limited (ASX: MSB)

The No. 1 ASX All Ords share for price growth in 2024 received an upgraded consensus rating on 2 January.

This followed big news from Mesoblast in December.

The company announced that its flagship drug, Ryoncil, or remestemcel-L, had finally gained approval from the United States Food and Drug Administration after many years of trials.

Ryoncil is the first approved treatment for steroid-refractory acute graft versus host disease (SR-aGvHD) in children aged two months and older.

It is also the first mesenchymal stromal cell (MSC) therapy ever approved in the US.

The ASX All Ords biotech share is down 2.81% at $2.94 on Thursday.

Mesoblast shares have skyrocketed by 1,029% over the past 12 months.

JPMorgan Chase is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has positions in CSL and Mesoblast. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and JPMorgan Chase. The Motley Fool Australia has recommended CSL. 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

comical investor reading documents and surrounded by calculators
Broker Notes

6 ASX shares at 52-week lows: Buy, hold, or sell?

The market finished lower on Thursday as the conflict in Iran dragged on.

Read more »

Business people discussing project on digital tablet.
Broker Notes

Buy, hold, sell: Breville, Collins Foods, and MA Financial shares

Let's see if analysts are bullish or bearish on these names.

Read more »

An oil refinery worker stands in front of an oil rig with his arms crossed and a smile on his face.
Energy Shares

New ratings on 4 ASX 200 energy shares: experts

Leading brokers have recently updated their ratings and 12-month share price targets.

Read more »

a man wearing a hard hat and a high visibility vest stands with his arms crossed in front of heavy equipment at a mine site.
Resources Shares

3 ASX mining shares: Buy, hold, or sell?

ASX 300 mining shares have fallen 16% since the conflict in Iran began.

Read more »

Happy man standing in front of an oil rig.
Broker Notes

Why this sold-off ASX energy stock could rise 60%+

Bell Potter is tipping this stock as a buy following a sell-off this week.

Read more »

Two smiling work colleagues discuss an investment at their office.
Broker Notes

Buy, hold, sell: NAB, Pro Medicus, and Telstra shares

Let's see what analysts are saying about these big names.

Read more »

Smiling young parents with their daughter dream of success.
Broker Notes

Why Life360 shares could be dirt cheap and set to rise 90%

Bell Potter has good things to say about this tech stock.

Read more »

a surprised investor reading about an asx share price in a newspaper
Broker Notes

Top brokers name 3 ASX shares to buy today

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

Read more »