Analysts are fans of these blue chip shares…
The post 3 ASX 200 blue chip shares analysts rate highly appeared first on The Motley Fool Australia. –
Investors that are looking to bolster their portfolio with some blue chip ASX 200 shares may want to look at the three listed below.
Here’s why these blue chip ASX 200 shares are highly rated:
BHP Group Ltd (ASX: BHP)
The Big Australian could be a top blue chip option if you’re not averse to investing in the mining sector. This is due to BHP’s world class, low cost, and diverse operations and favourable commodity prices. In respect to the latter, with iron ore and oil prices rising strongly over the last 12 months, BHP appears well-positioned to deliver a bumper full year result in August. And with its balance sheet looking robust, this could lead to surplus cash being returned to shareholders through dividends and buybacks.
Macquarie is very positive on BHP and expects the mining giant to report a record second half result next month. The broker currently has an outperform rating and $63.00 price target on BHP’s shares.
CSL Limited (ASX: CSL)
Another blue chip ASX 200 share to look at is CSL. It is one of the world’s leading biotechnology companies and the name behind the CSL Behring and Seqirus businesses. While COVID-19 has been weighing on plasma collections and could be a headwind in the near term, increased demand for seasonal flu vaccines looks set to offset some of this. After which, CSL appears well-placed for long term growth thanks to strong demand for immunoglobulins and its lucrative research and development pipeline.
UBS is positive on CSL and currently has a buy rating and $330.00 price target on its shares.
SEEK Limited (ASX: SEK)
A final blue chip ASX 200 share to look at is SEEK. It is the dominant job listings company in the ANZ market and has a number of growing international operations. It appears well-placed for growth in the near term thanks to its strong market position and the positive outlook for Australia’s unemployment level. With unemployment tipped to fall materially in the coming years, this appears supportive of increasing job advertisement volumes.
Macquarie is a fan of SEEK. It recently upgraded the company’s shares to an outperform rating with a $40.00 price target.
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Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. 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.