These ASX 200 shares are highly rated…
The post 3 top ASX 200 shares that could be buys appeared first on The Motley Fool Australia. –
If you are looking to bolster your portfolio with some ASX 200 shares, you may want to look at the three listed below.
Here’s why these ASX 200 shares are highly rated right now:
Goodman Group (ASX: GMG)
The first ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company with a portfolio of in-demand properties. Goodman focuses on investing in and developing high quality industrial properties in strategic locations, close to large urban populations and in and around major gateway cities globally. This has proven very successful and underpinned strong earnings growth over the last decade.
The team at Citi are very positive on Goodman. They recently put a buy rating and $26.00 price target on the company’s shares. Citi is forecasting further strong earnings growth over the coming years.
ResMed Inc. (ASX: RMD)
Another ASX 200 share to look at is ResMed. It is a medical device company with a focus on the sleep treatment market. ResMed has been tipped to deliver further strong growth in the coming years thanks to its industry-leading products in a growing and lucrative market. It also looks set to benefit from the woes of one of its biggest rivals, which is battling with a significant product recall.
Morgans is bullish on ResMed. It currently has an add rating and $41.34 price target on its shares. The broker believes ResMed is well-placed to grow its market share following the aforementioned device recall by a competitor.
Zip Co Ltd (ASX: Z1P)
A final ASX 200 share to consider is this buy now pay later (BNPL) provider. It is the company behind the eponymous Zip brand and the US-based QuadPay brand. Though, the latter is in the process of being rebranded to the Zip name. This is the same with other acquisitions it has made in Europe, the Middle East, and Asia. Zip is undertaking these changes as part of its plan to become a global payments player.
Morgans is also very positive on Zip. It recently retained its add rating and lifted its price target to $8.87. It continues to see longer term upside if Zip can execute on its ambitions of becoming a global payments player.
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*Returns as of August 16th 2021
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.