3 blue chip ASX 200 shares to buy after the selloff

These blue chip ASX 200 shares could be in the buy zone…
The post 3 blue chip ASX 200 shares to buy after the selloff appeared first on The Motley Fool Australia. –

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

Here’s what you need to know about them:

CSL Limited (ASX: CSL)

The first blue chip ASX 200 share to consider is CSL. It is a leading biotechnology company which is home to the CSL Behring business and the Seqirus business. Combined, these two businesses have a portfolio of life-saving and lucrative therapies and vaccines which are generating billions of dollars in sales each year. In addition, the company invests in the region of 10% to 11% of its sales back into research and development activities every year. This means it is on course to invest around US$1 billion into these activities this year. This ensures that CSL has a pipeline of potentially lucrative products to drive its future growth.

Citi remains positive on CSL. This week the broker put a buy rating and $340.00 price target on its shares.

Goodman Group (ASX: GMG)

Another 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 $12.7 billion of development work in progress, which is expected to underpin further solid growth over the coming years.

Citi is also a fan of Goodman. It currently has a buy rating and $28.00 price target on the company’s shares.

SEEK Limited (ASX: SEK)

A final blue chip ASX 200 share to look at is SEEK. It is the dominant force in job listings in the ANZ market and has a number of international operations. While FY 2021 was a difficult year because of the pandemic, SEEK has been bouncing back strongly now the worst is over and hiring is ramping up.

This morning Macquarie retained its outperform rating and $37.00 price target on the company’s shares. It expects SEEK to upgrade its guidance with its half year results.

The post 3 blue chip ASX 200 shares to buy after the selloff 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 over ten 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 January 12th 2022

More reading

Own CSL (ASX:CSL) shares? Here’s why the company is moving on from COVID research

Top brokers name 3 ASX shares to buy today

Analysts name 2 beaten down ASX shares with 30% upside

Can the CSL (ASX:CSL) share price reach pre-COVID highs?

2 excellent blue chip ASX 200 shares to buy this month

Motley Fool contributor James Mickleboro owns SEEK Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns 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.

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.

  • This field is for validation purposes and should be left unchanged.

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 - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US & HK* Trades. Click Here!