Why these 4 ASX shares are ending the week with a bang

The Carsales.Com Ltd (ASX:CAR) share price is one of four ending the week with a bang. 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

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has defied declines on Wall Street to push higher. At the time of writing the benchmark index is up 0.2% to 6,188.9 points.

Four shares climbing more than most today are listed below. Here's why they are ending the week with a bang:

The Carsales.Com Ltd (ASX: CAR) share price has climbed 3% to $14.52 after being the subject of two positive broker notes this morning. Both Citi and Credit Suisse have upgraded the car listings company's shares to the equivalent of buy ratings due to their belief that it will benefit from depth advertisement growth. Citi has lifted its price target on Carsales' shares to $16.65, whereas Credit Suisse has a $16.00 price target on its shares.

The Flight Centre Travel Group Ltd (ASX: FLT) share price is up almost 2.5% to $51.44. With no news out of the company, today's increase also appears to be related to a broker note. A note out of Ord Minnett reveals that its analysts have retained their buy rating and lifted the price target on the travel agent's shares to $65.27. The broker believes that the recent selloff of Flight Centre's shares has been overdone.

The St Barbara Ltd (ASX: SBM) share price has jumped over 5.5% to $3.68. This gold miner has also found favour with brokers today. Both Deutsche Bank and Macquarie have retained their equivalent of buy ratings on the company's shares following yesterday's production update. Overall, both brokers appear pleased with St Barbara's third quarter production, except for a slight miss from its Gwalia operation.

The Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) share price has risen 4% to $28.08 despite there being no news out of the investment house. At one point today the company's shares stormed to an all-time high of $28.34. That meant its shares had risen over 76% since this time last year.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Flight Centre Travel Group Limited and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended carsales.com Limited. 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 Scott Phillips.

More on Share Gainers

Man pointing at a blue rising share price graph.
Share Gainers

3 ASX All Ords shares rocketing over 10% today

Double-digit gains anyone?

Read more »

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Share Gainers

Why Aussie Broadband, Harvey Norman, HMC, and Web Travel shares are racing higher today

These shares are having a good time on hump day. But why?

Read more »

Three women cruise along enjoying ice-creams in the sunshine.
Best Shares

3 ASX 300 stocks up by more than 300% in a year

These stocks certainly add up to a triple treat.

Read more »

A man looking at his laptop and thinking.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors were pulled back down to earth this Tuesday.

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Share Gainers

Why EML Payments, Gentrack, Regis, and Resimac shares are racing higher

These shares are outperforming on Tuesday. What's going on?

Read more »

A young woman smiles as she rides a zip line high above the trees.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors kicked off the trading week in style today.

Read more »

Person pointing at an increasing blue graph which represents a rising share price.
Share Gainers

Why Liberty, Lovisa, Novonix, and SG Fleet shares are storming higher today

These shares are starting the week strongly. But why? Let's find out.

Read more »

Young girl drinking milk showing off muscles.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a great end to the trading week for ASX investors today.

Read more »