2 ASX 200 blue chip shares named as buys

These blue chip shares are rated highly by analysts…
The post 2 ASX 200 blue chip shares named as buys appeared first on The Motley Fool Australia. –

The illustrious S&P/ASX 200 Index (ASX: XJO) is home to a good number of shares with true blue chip status.

So many, in fact, it can be hard to decide which ones to include in your portfolio.

In order to narrow things down, I have picked out two blue chip ASX 200 shares which are highly rated right now. They are as follows:

CSL Limited (ASX: CSL)

The first ASX 200 blue chip share to look at is CSL. It is one of the world’s leading biotechnology companies, responsible for the CSL Behring and Seqirus businesses. CSL Behring is the leader in plasma therapies, whereas Seqirus is the number two player in flu vaccines.

CSL has been a relatively positive performer during FY 2021 despite facing a number of headwinds. It is expecting to report profit of US$2,170 million to US$2,265 million in constant currency this year. This represents year on year growth of just 3% to 8%.

And while its near term performance is likely to be impacted by plasma collections headwinds, these are now easing.

Looking ahead, CSL appears well-placed for growth thanks to strong demand for its core therapies, growing demand for flu vaccines, and its lucrative R&D pipeline. The latter has a number of potentially lucrative products in development that could be a big boost to its sales.

Analysts at UBS currently have a buy rating and $330.00 price target on the company’s shares.

REA Group Limited (ASX: REA)

Another ASX 200 blue chip ASX share to look at is property listings company REA Group.

Trading conditions have been tough for REA Group in recent years because of the housing market downturn and then the pandemic. However, thanks to the strength of its business model, it still delivered robust profit growth.

So with the housing market booming, the wind is well and truly in its sails now. Combined with its growing international operations, price increases, and new revenue streams, this bodes well for its growth in the coming years.

One broker that is particularly positive on REA Group is Macquarie. It has an outperform rating and $179.10 price target on its shares.

The post 2 ASX 200 blue chip shares named as buys appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

5 things to watch on the ASX 200 on Wednesday

ASX 200 rises, EML up, Ansell announces CEO

These 3 ASX 200 shares were among the biggest movers today

The IOUpay (ASX:IOU) share price is up 4,000% in the past year
Boral (ASX:BLD) share price among the ASX 200’s top performers of 2021

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!