Why Bravura, Costa, Inghams, & Propel shares are pushing higher

Bravura Solutions Ltd (ASX:BVS) and Propel Funeral Partners Ltd (ASX:PFP) shares are two of four pushing notably higher on Monday…

| More on:
green arrow representing a rise in the share price

Image source: Getty Images

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 (ASX: XJO) has given back its morning gains and is edging lower. At the time of writing, the benchmark index is down 0.1% to 7,173.4 points.

Four ASX shares that have not let that hold them back today are listed below. Here's why they are pushing higher:

Bravura Solutions Ltd (ASX: BVS)

The Bravura share price is up 7% to $3.52. This is despite there being no news out of the financial technology company today. However, as I noted at the weekend, Bravura has been tipped as a share to buy recently by analysts at Goldman Sachs. They see a lot of value in its shares at the current level.

Costa Group Holdings Ltd (ASX: CGC)

The Costa share price is rebounding from last week's selloff and is up 3.5% to $3.43. Bargain hunters may be swooping in today on the belief that the horticulture company's shares were oversold last week. Investors were heading to the exits in their droves following the release of an update at Costa's annual general meeting.

Inghams Group Ltd (ASX: ING)

The Inghams share price is up 2.5% to $3.50. This morning analysts at Goldman Sachs released a bullish broker note relating to the poultry producer. According to the note, the broker has retained its buy rating and lifted its price target to $4.50. Goldman made the move in response to the company's solid trading update released at the end of last week.

Propel Funeral Partners Ltd (ASX: PFP)

The Propel share price has risen 6% to $3.62. The catalyst for this was news that the funeral company has entered into an implementation agreement with its manager, Propel Investments. The agreement is intended to internalise key senior management functions. The independent directors stated that they believe the internalisation proposal is in the best interests of Propel Funeral and its shareholders.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd and COSTA GRP FPO. The Motley Fool Australia has recommended Propel Funeral Partners Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

A bland looking man in a brown suit opens his jacket to reveal a red and gold superhero dollar symbol on his chest.
Share Gainers

These were the best-performing ASX All Ords shares in May

These shares caught the eye last month. What was getting investors excited?

Read more »

A man and a woman sitting in a technology-related work environment high five each other while the man wears headphones around his neck and the woman sits in front of a laptop.
Share Market News

Strong gains for Wisetech, TechnologyOne, and Catapult amid ASX 200 tech sector lead

ASX technology shares led the market with a 3.85% increase while the ASX 200 lifted 0.88% last week.

Read more »

A young woman lifts her red glasses with one hand as she takes a closer look at news about interest rates rising and one expert's surprising recommendation as to which ASX shares to buy
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

Warren Buffett
Share Market News

Could these Australian fund managers be the next Warren Buffett?

Buffett is widely regarded the world's most successful investor.

Read more »

Man with rocket wings which have flames coming out of them.
Broker Notes

These ASX 200 shares could rise 40%+

Big returns could be on offer from these shares according to analysts.

Read more »

a man in a business suite throws his arms open wide above his head and raises his face with his mouth open in celebration in front of a background of an illuminated board tracking stock market movements.
Broker Notes

Analysts say these ASX shares are top buys in June

Brokers are urging investors to buy these shares. Let's find out why.

Read more »

Ten happy friends leaping in the air outdoors.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors finished the trading week on a high note this Friday.

Read more »

A man in trendy clothing sits on a bench in a shopping mall looking at his phone with interest and a surprised look on his face.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »