3 blue chip ASX 200 shares named as buys

These blue chips could be worth a closer look…
The post 3 blue chip ASX 200 shares named as buys appeared first on The Motley Fool Australia. –

Looking for a blue chip ASX 200 share or two for your portfolio? Listed below are three that have been given buy ratings recently.

Here’s what you need to know about them:

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 with a portfolio of warehouses, large scale logistics facilities, and business and office parks. Management notes that it continues to experience strong demand for its properties, which is being driven by increased intensification of use, long-term supply chain requirements, tight supply in urban infill locations and the quality of its assets. In addition, the company has $9.6 billion of development work in progress, which is expected to underpin further solid income growth over the coming years.

Morgan Stanley is a fan of Goodman. It recently put an overweight rating and $23.00 price target on its shares.

REA Group Limited (ASX: REA)

Another blue chip ASX 200 share to consider is REA. It is the leading player in real estate listings in the Australian market. This puts it in a fantastic position to benefit from the current housing market boom. In addition to this, cost cutting, new revenue streams, price increases, and acquisitions look set to give its sales and earnings a boost. The latter includes the recent acquisition of Mortgage Choice, which is expected to allow REA Group to capture a slice of the mortgage broking market in the coming years.

Goldman Sachs is very bullish on REA Group. It recent retained its buy rating and lifted its price target to a lofty $198.00.

SEEK Limited (ASX: SEK)

SEEK could be a blue chip ASX 200 share to consider. Over the last decade the job listings giant has carved out a dominant position in the ANZ market. So much so, it has a significant lead over its nearest rival, putting it in a great position to benefit from Australia’s strong economic recovery from the pandemic.

Macquarie recently upgraded the company’s shares to an outperform rating with a $40.00 price target. With unemployment levels tipped to reduce materially over the next few years, it expects job ad volumes to rise strongly.

The post 3 blue chip ASX 200 shares named 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 May 24th 2021

More reading

Why Zip (ASX:Z1P) and this ASX growth share could be buys
Top broker tips REA Group (ASX:REA) share price to hit $198
3 blue chip shares that smashed the ASX 200 index in FY21

ASX 200 drops, Zip rises, Cettire up

Why the SEEK (ASX:SEK) share price just hit a record high

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 REA Group Limited and 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!