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:
BHP Group Ltd (ASX: BHP)
If you don’t mind investing in the mining sector, then BHP could be an ASX 200 share to look at. This is because this mining giant is widely regarded as the highest quality miner in the world, with a collection of world class, low cost, and diverse operations. Positively, the company is benefiting greatly from favourable commodity prices at present. This is particularly the case with iron ore and oil after strong price rises over the last 12 months. As a result, BHP appears well-positioned to deliver a bumper full year result in August. And with its balance sheet in such a strong state, generous dividends are expected in the near term.
One broker that is particularly positive on BHP is Macquarie. It currently has an outperform rating and $63.00 price target on BHP’s shares.
NEXTDC Ltd (ASX: NXT)
Another ASX 200 share to look at is this leading data centre operator. NEXTDC has a collection of world class operations across several key Australian locations. It is also looking to expand into Asia and has recently opened offices in Singapore and Tokyo. Given the size of these markets, if the company can replicate its success overseas, it would give it a very long runway for growth in the future. In the meantime, NEXTDC is well-positioned for growth domestically thanks to increasing demand for data centre capacity due to the structural shift to the cloud.
Goldman Sachs recently reiterated its conviction buy rating and $14.80 price target on NEXTDC’s shares.
REA Group Limited (ASX: REA)
A final ASX 200 share for investors to look at is REA Group. It is the leading player in real estate listings in the Australian market with its realestate.com.au website. It also has a number of complementary businesses and recently bolstered its offering with the acquisition of Mortgage Choice and an interest in Simpology. Combined with its international operations and the booming housing market, REA Group has been tipped by a number of brokers to grow strongly over the coming years.
One of those is Goldman Sachs. It is very bullish on REA Group’s prospects. So much so, it recently retained its buy rating and lifted its price target to a lofty $198.00.
The post 3 ASX 200 shares named as buys appeared first on The Motley Fool Australia.
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More reading
- Why the BlueScope (ASX:BSL) share price could be set to jump higher
- 2 excellent ASX growth shares analysts love
- 2 ASX 200 mining shares that could be buys
- These ASX shares are the latest buy ideas from top brokers
- Why the BHP (ASX:BHP) share price has surged 3% this week
Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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