Insights

2 blue chip ASX shares that analysts rate highly

REA Group Limited (ASX:REA) and this ASX blue chip share could be worth a closer look. Here’s why they are rated highly…
The post 2 blue chip ASX shares that analysts rate highly appeared first on The Motley Fool Australia. –

If you want to construct a balanced portfolio, having a few blue chip ASX shares in there would be a smart move. But with so many to choose from, it can be hard to decide which ones to buy.

To narrow things down for you, I have highlighted two ASX blue chip shares that come highly rated:

REA Group Limited (ASX: REA)

The first blue chip ASX share to look at is REA Group. It is the clear leader in real estate listings in the Australian market. For example, during the third quarter, the realestate.com.au website set new audience records and delivered over 3 million buyer enquiries per month. This was an increase of 82% for the quarter.

This was underpinned by 12.5 million unique visits each month on average and 130.7 million average monthly total visits. This is 3.2 times more visits than the nearest competitor.

Looking ahead, REA Group appears well-placed to continue its fine form. Particularly given the improving housing market, price increases, cost reductions, acquisitions, and new revenue streams.

Macquarie is very positive on the company. Earlier this month, the broker retained its outperform rating and lifted its price target to $179.10.

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. It delivered impressive profit growth in the first half and appears well-placed to repeat this in the second half.

This is thanks largely to strong demand for COVID-19 testing services globally. At the end of the first half, Sonic had undertaken more than 18 million COVID-19 PCR tests across ~60 Sonic laboratories globally.

Positively, this has been supported by solid performances from the rest of the business, which has rebounded strongly from the pandemic.

One broker that is particularly positive on Sonic is Morgan Stanley. Earlier this month the broker put an overweight rating and $38.60 price target on its shares.

Where to 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 are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of February 15th 2021

More reading

2 ASX 200 shares analysts rate as buys

ASX winners and losers from the Victorian budget

2 ASX dividend shares that could provide steady passive income

Morgans picks ASX stocks with upcoming “buy” catalysts

2 ASX shares I hold that I’d still buy more of: fundie

The post 2 blue chip ASX shares that analysts rate highly appeared first on The Motley Fool Australia.

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
Trade The US Market With ZERO Brokerage* + FREE Access To Trading Ideas & Value Analysis Tools. Click Here!