With so many shares to choose from on the Australian share market, it can be difficult to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.
Three top ASX shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
According to a note out of Ord Minnett, its analysts have retained their buy rating on this energy company's shares with an improved price target of $13.00. This follows an investor day event which has given the broker increased confidence in Bayswater Power Station and Liddell Battery assets. It expects Bayswater to become the lowest cost generator in New South Wales and has boosted its earnings forecasts. Overall, with major upside and an attractive dividend yield on offer here, Ord Minnett thinks it could be a good time to invest. The AGL share price is trading at $9.31 on Monday afternoon.
A note out of Bell Potter reveals that its analysts have retained their buy rating on this investment platform provider's shares with a trimmed price target of $125.00. This follows the release of an investor day update, which had both positives and negatives. The main positive was that it sees upside risk to funds under administration (FUA) guidance as Hub24 continues to broaden its offering and lift volumes. The negative was that management has increased its expense growth guidance to 18% to 20%. However, this reflects a deliberate move to outpace peers and bring forward investment. Overall, the broker left the event feeling confident in its growth outlook and cadence over peers. The Hub24 share price is fetching $98.70 at the time of writing.
Another note out of Bell Potter reveals that its analysts have upgraded this insurance giant's shares to a buy rating with an improved price target of $21.80. This follows the release of the company's third quarter update, which was largely in line with expectations. Bell Potter points out that management has reiterated its combined operating ratio guidance of 92.5% in FY 2025 and is expecting this to continue in FY 2026. In light of this and its attractive valuation, the broker feels that QBE's shares are now in buy territory. The QBE share price is trading at $19.31 on Monday.
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
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 positions in and has recommended Hub24. The Motley Fool Australia has recommended Hub24. 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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