Morgans, its analysts have retained their
add rating and lifted their price target on this retail park-focused property company’s shares to $3.26. The broker notes that Aventus’ properties have increased in value and that its funds from operations will be stronger than expected in FY 2021. As for dividends, Morgans is expecting 17.5 cents per share in FY 2021 and then 17.8 cents per share in FY 2022. Based on the latest Aventus share price of $3.14, this will mean yields of 5.6% and 5.7%, respectively.
A note out of
Citi reveals that its analysts have a
buy rating and $6.22 price target on this baby products retailer’s shares. While it suspects that some retailers will have been negatively impacted by recent lockdowns, it feels Baby Bunting will be less affected. This is due to its strong market position and its much lower exposure to discretionary spending. In addition to this, the broker remains positive on its growth outlook thanks to store expansion plans both here a
2 ASX shares that multiple brokers think could be buys Tristan Harrison
A handful of ASX shares are rated by multiple brokers as buys.
If plenty of brokers think a business is worth looking at, then it might be an opportunity.
These two are potential ideas:
Baby Bunting is the leading retailer of baby and infant items and products in Australia.
It’s currently rated as a buy by at least five brokers including Morgans, which has a target price for Baby Bunting of $6.39 over the next 12 months.
The broker has identified that there’s still a good environment for the retailing world. Baby Bunting in-particular has several growth avenues, such as the expansion into New Zealand.
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There are some exciting ASX shares that have been rated as buys by multiple brokers, suggesting that they could be strong contenders for your attention.
If several brokers think a business is a buy then it may mean an opportunity is staring the market in the face. Or perhaps all of the brokers are wrong at the same time.
Here are two ASX shares that are highly rated:
Baby Bunting is the leading baby and infant product retailer in Australia. It has a national store network, with approximately 60 shops around Australia. It has plans to grow to over 100 stores in Australia over time.
Baby Bunting (ASX:BBN) share price: all-time highs and potential teething issues
Mitchell Lawler | April 23, 2021 5:35pm |
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Shares in
Baby Bunting Group Ltd(ASX: BBN) have continued their trend upwards today to set yet another all-time high. Australia’s largest specialty retailer of baby goods has enjoyed a 165% rise in its share price over the last year.
At the end of Friday’s session, the Baby Bunting share price was $6.58, up 3.8%.
Results recap
The last lot of metrics to come out of the company were back in February. With the Baby Bunting share price surging since then, it might be worth taking a look again.