3 ASX 200 blue chip shares to buy
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If you’re looking to add top-notch ASX 200 stocks to your portfolio, you might want to look at all three below.
Here’s why these blue chips are highly rated right now:
The first top-notch ASX 200 stock to look at is Goodman Group. It is a leading integrated commercial and industrial property company with a portfolio of in-demand properties. These properties are exposed to key growth markets such as e-commerce and logistics.
Thanks to strong demand and a materials development pipeline, Goodman was approached to continue its solid growth in the years to come by the Citi team. So much so that the broker currently has a buy rating and a target price of $ 26.00 on the shares of the company.
Another top-notch ASX 200 stock to watch is this leading job board company. Thanks to its leading position in the ANZ market and a rebound in referral volumes, SEEK recorded a strong result in fiscal year 2021. The company recorded a 1% increase in revenue to 1 $ 591 million and a 58% increase in after-tax net income excluding significant items. to $ 141 million.
Macquarie analysts expect job posting volumes to continue to rise as unemployment levels in Australia decline and SEEK benefits. As a result, the broker has an outperformance rating and a price target of $ 37.00 on SEEK shares.
Sonic Healthcare Limited (ASX: SHL)
One final top-notch ASX 200 stock to consider is Sonic. It is one of the world’s leading healthcare providers, with operations in Australasia, Europe and North America. While all of Sonic’s business is solid, the spotlight right now is his COVID testing business. This has generated significant revenue and profit and is expected to continue to do so in the short term, even with the rollout of vaccines.
This is largely why the Morgans team are so positive about Sonic. The broker currently has an additional rating and a price target of $ 45.98 on the company’s shares.