3 blue chip ASX 200 shares to buy

stack of wooden blocks with '1, 2, 3' written on them

If you’re looking to add some blue chip ASX 200 shares to your portfolio, you may want to look at the three listed below.

Here’s why these blue chips are highly rated right now:

Goodman Group (ASX: GMG)

The first blue chip 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. These properties have exposure to key growth markets such as ecommerce and logistics.

Thanks to strong demand and a material development pipeline, Goodman has been tipped to continue its solid growth in the coming years by the team at Citi. So much so, the broker currently has a buy rating and $26.00 price target on the company’s shares.

SEEK Limited (ASX: SEK)

Another blue chip ASX 200 share to look at is this leading job listings company. Thanks to its leadership position in the ANZ market and a rebound in listing volumes, SEEK delivered a strong result in FY 2021. The company reported a 1% increase in revenue to $1,591 million and a 58% jump in net profit after tax excluding significant items to $141 million.

Analysts at Macquarie expect job ad volumes to continue to increase as Australia’s unemployment levels fall and for SEEK to benefit. As a result, the broker has an outperform rating and $37.00 price target on SEEK’s shares.

Sonic Healthcare Limited (ASX: SHL)

A final blue chip ASX 200 share 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 businesses are strong, the standout at the moment is its COVID testing business. This has been generating significant revenue and profits and looks set to continue doing so in the near term even with vaccines rolling out.

It is largely for this reason that the team at Morgans are so positive on Sonic. The broker currently has an add rating and $45.98 price target on the company’s shares.

The post 3 blue chip ASX 200 shares to buy appeared first on The Motley Fool Australia.

Should you invest $1,000 in Sonic right now?

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*Returns as of August 16th 2021

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Motley Fool contributor James Mickleboro owns shares of SEEK 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 SEEK Limited and Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3m7IUjK

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