These ASX 200 shares could be worth a closer look…
The post 2 top ASX 200 shares that could be buys in August appeared first on The Motley Fool Australia. –
If you are looking for some new portfolio additions, then the ASX 200 shares listed below could be worth considering.
Here’s why these ASX 200 shares have been given buy ratings:
Aristocrat Leisure Limited (ASX: ALL)
The first ASX 200 share to consider is Aristocrat Leisure. It is one of the world’s leading gaming technology companies with a portfolio of world class poker machines and digital games.
It has returned to form in FY 2021 thanks to the easing of restrictions as vaccines roll out and strong growth in its digital business.
For example, during the six months ended 31 March, the company reported a normalised net profit after tax (NPAT) of $362.2 million. This was an increase of 18.4% on the prior corresponding period. In respect to its revenue, almost 80% of it was derived from recurring sources during the period. This gives it a firm foundation to build on in the coming years.
Analysts at Citi remains positive on the company. The broker currently has a buy rating and $46.00 price target on its shares.
Another ASX 200 share to look at is Goodman Group. It is a global property group that owns, develops and manages industrial real estate including logistics and industrial facilities, warehouses, and business parks.
Goodman has been growing at a solid rate over the last decade thanks to its high quality portfolio. Over the long term, management has curated its portfolio that gives Goodman exposure to industries benefiting from structural tailwinds. These include areas such as online, logistics, food, consumer goods, and the digital economy.
Positively, with an occupancy rate of 98%, rental income growing nicely, and its development work in progress worth $9.6 billion, the future is looking very positive.
Credit Suisse appears confident in its future. Last week the broker retained its outperform rating and lifted its price target to $24.15. It believes Goodman can deliver above industry earnings growth over the coming years.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.