3 blue-chip ASX stocks rated at purchase
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If you’re looking to bolster your portfolio with blue chip stocks, you might want to look at all three below.
Here’s why these top-notch ASX stocks are highly rated right now:
The first top-notch ASX stock to review 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 is expected to continue its solid growth in the years to come.
The Citi team is very positive about its outlook. Its analysts currently have a buy rating and a target price of $ 26.00 on the company’s shares.
Another top ASX stock to look at is REA Group. It is one of the leading providers of real estate and property related services through websites and mobile apps in Australia and Asia. He is best known for the realestate.com.au website which dominates the ANZ market with an average of 121.9 million monthly visits to its website in fiscal year 2021. This was up 35% from a year earlier. year over year and is 3.3 times more than its closest competitor. Looking ahead, with its dominant market position, thriving housing market, and new acquisitions and revenue streams, REA Group appears well positioned for long-term growth.
Macquarie is very positive about the outlook for the company. The broker currently has an outperformance rating and a price target of $ 185.00 on its shares.
One final top-notch ASX stock to look at is this leading job board company. Like REA Group, it is a leader in its field on the Australian market. It is thanks to this leading position and a rebound in referral volumes that SEEK recorded a solid result in fiscal year 2021. It recorded a 1% increase in its turnover to 1,591 million dollars and a 58% jump in after-tax net income excluding significant items to $ 141 million. .
Macquarie is also very positive on SEEK and expects him to benefit greatly from the drop in the unemployment rate in Australia. The broker currently has an outperformance rating and a price target of $ 37.00 on SEEK shares.