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2 ASX 50 shares to buy

BHP Group Ltd (ASX:BHP) and this ASX 50 share could be in the buy zone right now. Here’s why…
The post 2 ASX 50 shares to buy appeared first on The Motley Fool Australia. –

Buy ASX shares

The S&P/ASX 50 index may not be as well-known as the S&P/ASX 200 Index (ASX: XJO), but it is arguably just as important.

On the ASX 50 you’ll find many of the highest quality and most respected companies that the ANZ region has to offer.

Two ASX 200 shares that have been rated as buys are listed below. Here’s what you need to know about them:

BHP Group Ltd (ASX: BHP)

The first ASX 50 share to look at is BHP. It is of course one of the world’s largest miners and the owner of a portfolio of world class and low cost operations across the globe.

Thanks to sky high iron ore and copper prices and a recovery in oil prices, BHP has been tipped to deliver a bumper profit result in FY 2021.

One broker that is particularly positive on the mining giant is Ord Minnett. Last month it put a buy rating and $50.00 price target on its shares. Its analysts believe the company is well-placed to outperform in the post-COVID environment and expects this to lead to generous dividend payments.

Based on the current BHP share price, Ord Minnett is forecasting a 5.1% fully franked dividend yield in FY 2021.

Ramsay Health Care Limited (ASX: RHC)

Another ASX 50 share which is highly rated is Ramsay Health Care. Although it is battling tough trading conditions at the moment, analysts at Macquarie believe its long term growth prospects remain very bright.

In light of this, it believes that investors ought to focus on the long term investment opportunity and consider taking advantage of recent weakness in the Ramsay share price.

The broker currently has an outperform rating and $73.65 price target on the private hospital operator’s shares. This compares very favourably to the current Ramsay share price of $59.30.

Where to invest $1,000 right now

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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.

See The 5 Stocks

*Returns as of June 30th

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 2 ASX 50 shares to buy appeared first on The Motley Fool Australia.

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