Are you wanting to supercharge our portfolio with some big returns? If you are, then it could be worth checking out the two ASX 200 shares in this article.
That's because they have been named as buys and tipped to rise at least X over the next 12 months. Here's what you need to know about them:
Image source: Getty Images
Elders Ltd (ASX: ELD)
The team at Bell Potter sees potential for this ASX 200 share to rise strongly from current levels.
The broker believes the agribusiness company is being severely undervalued by the market. Especially given improving trends and the proposed acquisition of Deltra Agribusiness. It said:
Our buy rating is unchanged. Executing on existing initiatives and leverage to cattle prices are expected to drive double digit EPS growth through to FY27e. Achieving a favourable outcome on Delta or deploying the $245m in capital already raised to finance the transaction would likely accelerate this growth profile. Importantly, we don't see any value ascribed for completion of Delta or execution of the base business strategy in the current ELD share price.
Bell Potter has a buy rating and $9.10 price target on its shares. Based on its current share price, this implies potential upside of almost 50% for investors between now and this time next year.
In addition, the broker is forecasting dividends yields of 5.8% in FY 2025 (50% franked) and 7% in FY 2026 (fully franked).
Boss Energy Ltd (ASX: BOE)
Another ASX 200 share that could deliver big returns for investors according to analysts is uranium producer Boss Energy.
Bell Potter is also a fan of the company and believes it is well-placed ahead of a uranium bull market. This is thanks to Boss Energy's Honeymoon project in South Australia and its Alta Mesa project in Texas, United States. It said:
We continue to see significant value in BOE, with optionality around expansion at Honeymoon via low-risk and cost regional resources at Jasons and Goulds Dam. With the inclusion of Alta Mesa, BOE boasts a geographically diversified multi-asset portfolio with several growth levers yet to be pulled, heading into a uranium bull market.
Bell Potter currently has a buy rating and $4.65 price target on the company's shares. Based on its current share price of $3.84, this suggests that upside of over 20% is possible over the next 12 months.
