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2 top quality blue chip ASX shares to buy in April

Goodman Group (ASX:GMG) and this ASX blue chip share could be top options for investors in April. Here’s why…
The post 2 top quality blue chip ASX shares to buy in April appeared first on The Motley Fool Australia. –

woman whispering secret regarding asx share price to a man who looks surprised

If you’re wanting to add a few blue chip shares to your portfolio in April, then you may want to check out the ones listed below.

Here’s why these ASX shares come highly rated:

Goodman Group (ASX: GMG)

Goodman Group is a leading integrated commercial and industrial property company. It owns, develops, and manages industrial real estate globally.

Goodman focuses on investing in and developing high quality industrial properties in strategic locations. These are close to large urban populations and in and around major gateway cities globally. This is where demand is strong and transformational changes are driving significant opportunities.

At the last count, Goodman had $51.8 billion of total assets under management, 369 properties under management, and 1,600+ customers. Among its customer base are the likes of Amazon, Coles Group Ltd (ASX: COL), DHL, Showpo, and Walmart.

Macquarie is positive on the company’s future and currently has an outperform rating and $20.39 price target on its shares. It believes Goodman is positioned to achieve double digit earnings growth through to FY 2024.

Sonic Healthcare Limited (ASX: SHL)

Another blue chip to look at is Sonic Healthcare. It is a leading medical diagnostics company with operations across the world.

Sonic has been a very impressive performer in FY 2021. In February, it released its half year results and reported a 33% increase in revenue to $4.4 billion and a 166% jump in first half net profit to $678 million.

While this growth has been driven by strong demand for COVID-19 testing services, it has been supported by positive performances across the rest of the business. 

Credit Suisse is a fan of the company. Late last month the broker retained its outperform rating and increased its price target to $40.00.  It notes that there is evidence of pent up demand for healthcare services after people delayed seeking healthcare during the pandemic. The broker also expects COVID-19 testing to remain strong through 2021.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of COLESGROUP DEF SET. The Motley Fool Australia has recommended Sonic Healthcare 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 top quality blue chip ASX shares to buy in April appeared first on The Motley Fool Australia.

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