Analysts say these ASX All Ords stocks could rise 20%+

Big returns could be on the cards for these stocks according to Bell Potter.

| More on:
Man drawing an upward line on a bar graph symbolising a rising 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

If you have room in your portfolio for some new additions, then it could be worth checking out the ASX All Ords stocks listed below.

The team at Bell Potter is feeling bullish about them and sees scope for big returns over the next 12 months. Here's what the broker is saying about them:

Austal Ltd (ASX: ASB)

Bell Potter thinks that this shipbuilder could be an ASX All Ords stock to buy now.

Particularly given its record order book and the potential for some big contracts from the Australian Government. It explains:

ASB currently has a record contract book of ~$12.7b AUD, largely consisting of contracts with the US Navy, and was recently announced as the Australian Government's shipbuilder of choice in WA. This deal also included the award of the "Landing Craft (Medium)" vessel program (BPe ~$800m) to ASB, with the likely award of further contracts under the agreement (BPe ~$7b – $10b), providing a deep pipeline of work for the next decade. The company is also a takeover target, with Austal recently rejecting a $2.825 per share takeover offer from Hanwha Ocean Co. and another two North American Private Equity firms speculated to be interested in acquiring the company.

Bell Potter has a buy rating and $2.85 price target on its shares. Based on its current share price, this implies potential upside of 20% for investors.

Mader Group Ltd (ASX: MAD)

Another ASX All Ords stock that the broker is positive on is Mader Group.

Bell Potter believes the mining equipment maintenance company could be a top pick due to the momentum it is seeing in its growth plans and its growing North American business.

The broker also sees potential for capital returns in the near future if things go as planned. It said:

We expect ongoing earnings growth across the Group in FY25 as MAD's growth ambitions in Australia and North America gather momentum. Overall, commodity prices remain at elevated levels (compared with historical levels for gold and iron ore particularly), supporting mining activity and equipment utilisation. In Australia, incoming iron ore production growth should support equipment and plant maintenance opportunities. In Canada, a significant expansion of the workforce will see the North American segment become a larger contributor to Group earnings and profitability. The company achieving its medium-term net cash target may drive positive capital management initiatives.

Bell Potter has a buy rating and $7.60 price target on Mader's shares. This implies potential upside of 26% for investors.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Austal and Mader Group. The Motley Fool Australia has positions in and has recommended Mader Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Broker Notes

Woman in celebratory fist move looking at phone
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 »

Man jumps for joy in front of a background of a rising stocks graphic.
Broker Notes

These ASX 200 shares could rise 20% to 50%

Looking for big returns? Brokers think these shares could do the job.

Read more »

A young man sits at his desk working on his laptop with a big smile 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 »

man thinking about whether to invest in bitcoin
Broker Notes

Why Macquarie expects this ASX 200 dividend stock to keep outperforming

Macquarie has tipped this ASX 200 dividend stock to outperform. Let’s find out why.

Read more »

A man clenches his fists in excitement as gold coins fall from the sky.
Broker Notes

These ASX 200 shares could rise 20% to 35%

These shares are being tipped to deliver market-beating returns by analysts.

Read more »

Keyboard button with the word sell on it.
Broker Notes

8 ASX All Ords stocks downgraded to sell ratings

Find out which shares are out of favour with the experts.

Read more »

Woman smiling whilst shopping in a clothing store.
Dividend Investing

Why this quality ASX 300 dividend stock is tipped to surge 54%

A leading fund manager forecasts significant outperformance from this quality ASX 300 dividend stock.

Read more »

A group of businesspeople clapping.
Broker Notes

Bell Potter names more of the best ASX 200 stocks to buy in June

These stocks could be best buys this month according to the broker.

Read more »