2 top ASX 200 stock brokers rate as buys

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The ASX 200 Index is home to a large number of blue chip stocks. Two that might be in the buy zone right now are listed below.

Here’s what brokers are saying about these ASX 200 stocks:

The first blue-chip stock on the ASX 200 for investors to look at is mining giant BHP. It has a world-class portfolio of operations across a range of commodities and geographies.

This week, the company announced that it wanted to complete this portfolio with the acquisition of a copper miner OZ Minerals Limited (ASX:OZL). And although that offer was quickly rejected, it seems unlikely that the story will end here.

The Morgans team were pleased with the news and believe it is consistent with Big Australian’s strategy. In response, the broker kept its rating added with a price target of $48.40 on the miner’s shares.

He commented:

If nothing else, this development should lessen any concerns that BHP might have considered a larger, more transformative acquisition. There are constant fears that history will repeat itself and that BHP will end up being lured into a +$100 billion acquisition/merger at a high point in the cycle. Instead, BHP remained strategic and focused.

Another highly rated blue chip ASX 200 stock is REA Group. It is the dominant player in online property listings in the Australian market.

Earlier this week, the company released its annual results and revealed a 26% increase in revenue to $1.17 billion and a 25% increase in net profit to $408 million. This was backed by a whopping 124.1 million average monthly visits to its key website realestate.com.au.

That went over well with analysts at Goldman Sachs, who reiterated their buy rating and $164.00 price target on its shares. It said:

Overall, we thought the REA score, feedback and cash performance were positive. […] We remain Buy (on CL), with this outcome and a positive return outlook supporting our recent REA upgrade.

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