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:
Flight Centre Travel Group Ltd (ASX: FLT)
According to a note out of Macquarie, its analysts have retained their outperform rating on this travel agent's shares with an improved price target of $17.85. It notes that Macquarie has just signed an agreement to acquire the UK's leading online cruise agency, Iglu, for 100 million British pounds. Macquarie highlights that Iglu has a 15% of the UK market and upwards of 75% of online bookings. It was pleased the move and points out that Flight Centre is leveraging its scale and balance sheet to accelerate its growth with strategic acquisition. The broker sees the cruise industry as attractive with further acquisition opportunities. Outside this, Macquarie likes Flight Centre due to its belief that it will achieve its guidance, which is being supported by improving consumer trends. The Flight Centre share price is trading at $14.98 this afternoon.
Generation Development Group Ltd (ASX: GDG)
Another note out of Macquarie reveals that its analysts have initiated coverage on this diversified financial services company's shares with an outperform rating and $6.70 price target. The broker highlights that Generation Development Group's businesses are market leaders in growth sectors, and well positioned to scale. This includes the key Evidentia (managed accounts) segment, which is poised to capture an outsized share of industry growth over 2024 to 2030. Another positive is that management incentives support alignment with investors, with the top end of long term incentives requiring an earnings per share growth hurdle of +27.5%. The Generation Development Group share price is fetching $5.64 at the time of writing.
GenusPlus Group Ltd (ASX: GNP)
Analysts at Bell Potter have retained their buy rating on this power and communications infrastructure and services provider's shares with an improved price target of $7.50. It notes that GenusPlus has been awarded several major contracts since its FY 2025 results, including this month's major Western Renewables Link contract. The good news is that the broker expects this trend to continue. It highlights that the company provides investors with concentrated exposure to a long-duration tailwind in rising investment levels for renewable energy generation, storage, and transmission infrastructure. It points out that its current record $2.6 billion+ orderbook of transmission and BESS work packages reflects this thematic. The GenusPlus share price is trading at $6.26 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 GenusPlus Group and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Flight Centre Travel Group, Generation Development Group, and GenusPlus Group. 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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