Insights

2 top blue chip ASX 200 shares rated as buys

Looking for blue chips? Check out these options…
The post 2 top blue chip ASX 200 shares rated as buys appeared first on The Motley Fool Australia. –

If you want to boost your portfolio with some blue chips, then you might want to take a look at the ASX 200 shares named below.

Here’s why these two blue chip ASX 200 shares are highly rated:

Goodman Group (ASX: GMG)

The first blue chip ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company.

Goodman has a world class portfolio of in-demand warehouses, large scale logistics facilities, and business and office parks. In fact, demand is so strong that it currently boasts an occupancy rate of 98%. This helped underpin a 15% increase in operating earnings to $1.22 billion in FY 2021.

Looking ahead, the company appears well-placed to benefit from like for like rental growth and its significant development pipeline.

Citi is a big fan of Goodman. It currently has a buy rating and $26.00 price target on the company’s shares.

SEEK Limited (ASX: SEK)

Another blue chip ASX 200 share to look at is SEEK. It is the leading job listings company in the ANZ region and has a number of growing businesses around the globe.

It was on form in FY 2021 thanks to its domination of the ANZ market. For example, the SEEK ANZ business reported record ad volumes in the second half of the year amid easing COVID-19 restrictions. This led to SEEK reporting an average of 40 million monthly site visits, which represents 10% growth on pre-COVID-19 levels.

This ultimately led to SEEK reporting a 1% increase in revenue to $1,591 million and a 58% jump in net profit after tax excluding significant items to $141 million for the year.

The good news is that the future looks bright for SEEK thanks to its strong market position and Australia’s recovery from the pandemic. With unemployment levels tipped to fall materially, job ad volumes look set to increase significantly once the economy opens up again.

A recent note out of Macquarie reveals that its analysts have an outperform rating and $37.00 price target on the company’s shares.

The post 2 top blue chip ASX 200 shares rated 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 August 16th 2021

More reading

3 top ASX 200 shares that could be buys

Can the Goodman (ASX:GMG) share price keep smashing the market?
Top brokers name 3 ASX shares to buy today

2 excellent blue chip ASX 200 shares named as buys

SEEK (ASX:SEK) share price drops despite tripling its dividend in FY 2021

Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended SEEK 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!