The three ASX shares I'm going to mention in this article are rated as 'buys' by several brokers.
It's quite hard to find businesses that are both good businesses and trading at a good price. Even then, one person might say Commonwealth Bank of Australia (ASX: CBA) and another says that Transurban Group (ASX: TCL) is a better choice.
Investment site MarketIndex regularly collates the ratings of brokers together to assess what the broker community collectively think are opportunities. Of course, this still isn't a guarantee of success – they could all be herding together.
With that in mind, here are three ASX shares that brokers like:
Pilbara Minerals Ltd (ASX: PLS)
Pilbara is a lithium mining business and is rated as a buy by at least seven analysts.
Investors are generally excited by the prospect of lithium miners because of the likely increasing demand with home batteries and electric cars. Pilbara seems better priced than the past with the share price down 32% since its all-time high.
But, the brokers may have already been proved right by their buy calls with the Pilbara share price up 34% since the start of the month.
Nine Entertainment Co Holdings Ltd (ASX: NEC)
Nine is a media conglomerate business and is rated as a buy by at least five analysts.
It's true to say that Freeview TV channels are on a slow decline, but other parts of its business are very attractive such as online streaming business Stan and its Australian Financial Review masthead. Another of its good assets is a large holding of Domain Holdings Australia Ltd (ASX: DHG) shares.
Since the start of the year the Nine share price has risen by 44%, can it keep going? Who knows.
Lendlease Group (ASX: LLC)
The property business might be one of the best ways to get exposure to the infrastructure boom and urban regeneration going on in many cities. Lendlease is rated as a buy by at least nine brokers.
Since the start of the year the Lendlease share price is up 31.4% and the business has a huge pipeline of projects over the coming years across the world.
Foolish takeaway
None of the above three ASX shares are the types of businesses that suit my own portfolio, but if I had to pick one it would be Lendlease. There are always new property projects going on somewhere in the world.
