What stocks to buy on the Australian market? Investors can use the TipRanks Daily Analyst Ratings tool to find the answer to this question. This tool provides real-time updates on companies in a particular market.
Using this tool, we have chosen three Australian stocks that have recently received buy ratings and analysts believe their price will rise further.
To choose the best analysts, the TipRanks Expert Center offers comprehensive expert coverage to guide investors in their choice. Through his expert ranking systemTipRanks rates analysts, financial bloggers, and more. based on three different parameters: success rates, average returns, and statistical significance.
Let’s take a look at these stocks.
Suncorp Group Limited (AU: I AM)
Financial services firm, Suncorp, has an eight analyst buy rating on TipRanks. Today, Andrei Stadnik Morgan Stanley reiterated its buy rating on the SUN action at a target price of AU$14.5, implying an upside of nearly 14.7%. The average target price based on 10 notes is AU$13.62.
Two analysts noted A1M stock like a purchase. AIC Mines is a resource company in Australia that develops and manages mining projects. Paul Caner of Ord Minnett today reiterated its buy rating on the stock, suggesting a 48% upside. Overall, the stock has a moderate buy rating with a target price of AU$0.72.
Kaner is a four-star rated analyst on TipRanks with a 54% success rate.
Centuria Capital Group (AU: CNI)
Centuria is an Australian investment manager for property funds and investment bonds. CNI Action has three analyst buy ratings. Yesterday, Morgan Stanley analyst Simon Chan maintained its Buy rating on the stock at a target price of AU$2.5, indicating a 38.7% upside. The average target share price is AUD 2.11.