Leading brokers name 3 ASX shares to sell today

0
24

On Monday I looked at three ASX shares that were given ratings by leading brokers this week.

Unfortunately, not all shares are in favor with brokers right now. The three shares listed below have all given sales ratings. Here’s why they are bearish on them:

Coca-Cola Amatil Ltd (ASX: CCL)

According to a note out of Credit Suisse, its analysts have retained their underperform rating and $ 8.90 price target on this beverage company’s shares. The broker has held firm with its bearish stance after its research showed that Australian beverage volumes remain subdued and competition is still strong. In light of this, it doesn't believe the local segment will deliver growth this year. The Coca-Cola Amatil share price is up 1% to $ 10.38 on Tuesday.

Commonwealth Bank of Australia (ASX: CBA)

Analysts at Citi have downgraded this banking giant's shares a sell rating from neutral, but lifted the price target on them to $ 73.25. According to the note, the broker believes that trading conditions are challenging for the momentary cash falling rate. And it does not stand out from its strong share price in 2019. Citi believes its shares are fully priced and better value can be found elsewhere. CBA's shares are down over 0.5% to $ 80.70 today.

Suncorp Group Ltd (ASX: SUN)

A note out of the Macquarie equities desk reveals that its analysts have retained their underperform rating and $ 12.80 target price on this insurance and banking giant’s shares. According to the notes, the broker continues to believe that it will be able to achieve its cash. Suncorp’s shares are trading flat at $ 13.41 today.

Those may be the shares to sell, but here are the shares that have been rated as buys,

NEW. Five Cheap and Good Stocks to Buy in 2019 …

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

Stock # 1 is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years of growth … while trading at an ultra-low price …

Stock # 2 is another high-growth business trading near a 52-week low all while offering at 4.7% grossed-up yield …

Plus 3 more bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. This free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!


Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Coca-Cola Amatil Limited. We can not believe all the opinions, but we believe that considering different ranges of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorized by Scott Phillips.

. (tagsToTranslate) commonwealth bank of australia (t) asx: cba (t) cba share price (t) cba stock price (t) cba dividend (t) suncorp group ltd (t) asx: sun (t) suncorp share price ( t) suncorp stock price (t) sun share price (t) suncorp dividend (t) coca-cola amatil ltd (t) asx: ccl (t) coca-cola amatil share price (t) coca-cola amatil stock price (t ) ccl share price (t) coca-cola amatil dividend (t) s & p / asx 200 (t) index: ^ axjo (t) indexasx: xjo (t) asx: xjo (t) all ordinaries (t) index: ^ axao (t) indexasx: xao (t) asx: xao (t) broker sells (t) sell rating (t) broker notes (t) insurance (t) banking (t) downgrade (t) sell (t) citi (t) citi (t) macquarie (t) credit suisse (t) s & p / asx 200 (t) editor

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.