8 ASX 200 shares with renewed buy ratings this week
ASX 200 shares are already up 5.6% in the new financial year.
This is significant given the lacklustre growth rate of 2.8% over FY26 (total return, including, dividends was 7%).
Among the 11 market sectors today, materials is in the lead, up 1.4%, while utilities is the laggard, down 0.7%.
Meanwhile, brokers have indicated continuing confidence in several ASX 200 shares this week.
Let's check out some renewed buy ratings.
Life360 Inc (ASX: 360)
The Life360 share price is $29.18, down 1.2% today and down 26% over 12 months.
Bell Potter renewed its buy rating on the ASX 200 tech share on Tuesday.
The broker has a 12-month price target of $35.
This suggests a potential 20% upside ahead.
BHP Group Ltd (ASX: BHP)
The BHP share price is $62.92, up 0.6% today and up 58% over 12 months.
Morgan Stanley reaffirmed its buy rating on the market's largest ASX 200 mining share today.
The broker has a 12-month target of $67, which suggests a potential 6% upside ahead.
Capricorn Metals Ltd (ASX: CMM)
The Capricorn Metals share price is $14.70, up 3.6% today and up 50% over 12 months.
Bell Potter reiterated its buy rating on Monday after reviewing the miner's June quarter report.
The broker increased its 12-month target on the ASX 200 gold share from $16.70 to $17.80.
This suggests a potential 21% upside ahead.
Analyst David Coates said:
CMM is run by a management team that has an excellent track record of delivery.
CMM is a sector leading gold producer, unhedged and debt free. It is fully funded to grow production from ~120kozpa to +400kozpa from two gold mines in WA.
National Australia Bank Ltd (ASX: NAB)
The NAB share price is $42.78, up 0.6% today and up 10% over 12 months.
UBS reaffirmed its buy rating on the ASX 200 bank share with a 12-month price target of $50 this week.
This suggests a potential 17% upside ahead.
Droneshield Ltd (ASX: DRO)
The Droneshield share price is $2.30, up 5% today and down 44% over 12 months.
Canaccord Genuity renewed its buy rating on Droneshield shares with a $2.80 target this week.
This suggests a potential 22% upside ahead.
South32 Ltd (ASX: S32)
The South32 share price is $4.83, down 1% today and up 63% over 12 months.
Morgan Stanley renewed its buy rating on South32 shares this week.
The broker raised its 12-month price target from $4.75 to $4.80.
This suggests the ASX 200 mining share is already fully valued.
Qantas Airways Ltd (ASX: QAN)
The Qantas share price is $10.66, up 0.5% today and down 4% over 12 months.
Jefferies renewed its buy call on the ASX 200 airline share on Tuesday.
The broker has an $11.91 target, suggesting a 12% upside from here.
Breville Group Ltd (ASX: BRG)
The Breville share price is $35.02, up 2.3% today and up 6% over 12 months.
Citi reiterated its buy rating on the ASX 200 consumer discretionary share this week.
The broker has a price target of $39.85, implying a potential 14% upside ahead.
The post 8 ASX 200 shares with renewed buy ratings this week appeared first on The Motley Fool Australia.
Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has positions in BHP Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield and Life360. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool Australia has recommended BHP 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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