Why these 4 ASX shares are ending the week with strong gains

The National Veterinary Care Ltd (ASX:NVL) share price is one of four ending the week strongly. Here's why…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week with a solid gain. In afternoon trade the benchmark index is up 0.5% to 5,766 points.

Four shares which have climbed more than most today are listed below. Here's why they are finishing the week with strong gains:

The National Veterinary Care Ltd (ASX: NVL) share price has climbed 5% to $2.48 after the veterinary company announced the successful completion of one clinic acquisition and plans to acquire a further six clinics. The acquisition of the six clinics is expected to close by the end of September, with the seven new clinics forecast to provide a $2.4 million boost to annual earnings before interest and tax. I think National Veterinary Care is a small-cap to consider following this news.

The Star Entertainment Group Ltd (ASX: SGR) share price is up 3.5% to $5.30. This is the second day in a row of solid gains for the hotel and casino operator and is thanks largely to a positive broker note out of Citi yesterday. Once again the investment bank reiterated its buy rating and $6.65 price target. I would agree with Citi on this one and think Star would be a great investment.

The Reject Shop Ltd (ASX: TRS) share price has climbed almost 5% to $4.76 despite there being no news out of the discount retailer. But with the Australian dollar continuing to strengthen, investors may believe that Reject Shop will see its margins expand. The retailer imports a lot of its products from overseas, paying for them primarily in U.S. dollars.

The Worleyparsons Limited (ASX: WOR) share price has jumped almost 7% to $11.31 today thanks to a broker note out of Deutsche Bank. According to the note, analysts at Deutsche have a buy rating and $13.74 price target on the engineering company's shares due partly to their belief that a recovery in oil and gas capital expenditures has started.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares
Technology Shares

Joining the revolution: How I'd invest in ASX AI shares right now

Advances in artificial intelligence (AI) could usher in a new industrial revolution. Here’s how you can invest in it.

Read more »

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »