Here’s why REA Group Limited (ASX:REA) and this ASX blue chip share could be great options for investors right now…
The post 2 ASX 200 shares analysts rate as buys appeared first on The Motley Fool Australia. –
If you’re looking for ASX 200 shares to buy, then you might want to check out the ones listed below.
These quality companies have been tipped as potential market beaters by brokers. Here’s what you need to know about them:
REA Group Limited (ASX: REA)
The first ASX 200 share to look at is this property listings company. After a couple of years of battling (very successfully) tough trading conditions, the wind is firmly in REA Group’s sails at last.
Thanks to the booming housing market, low interest rates, and the relaxation of lending rules, property listing volumes are expected to rise meaningfully in the near term. Combined with new revenue streams, cost cutting, acquisitions, and price increases, this bodes very well for REA Group’s earnings growth in the coming years.
One broker that is particularly positive on the company is Morgan Stanley. It currently has an overweight rating and $175.00 price target on its shares.
SEEK Limited (ASX: SEK)
Another ASX 200 share to consider is SEEK. It is of course the leading job listings company in the ANZ region and has a number of growing businesses around the globe.
With the Australian economy recovering strongly from the pandemic and businesses managing to successfully overcome the removal of the Job Keeper program, trading conditions look very favourable for SEEK. Especially given its leadership position in the local market.
At the end of the first half, the company was averaging 35 million monthly visits and had 160,000 active hirers. This led to the company having almost a third of all placements in the region. This is an enormous five times greater than its nearest rival.
Analysts at Credit Suisse are positive on the company’s future. They currently have an outperform rating and $34.00 price target on its shares.
Where to 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 are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of February 15th 2021