2 blue chip ASX 200 shares to buy according to experts

A Latin Resources investor sits at her desk and stretches her arms above her head in delight at the rising share price today

A Latin Resources investor sits at her desk and stretches her arms above her head in delight at the rising share price today

If you’re looking to bolster your portfolio with some blue chip shares, you may want to look at the two listed below.

Here’s why these blue chip ASX 200 shares are highly rated right now:

Healius Ltd (ASX: HLS)

The first blue chip ASX 200 share to look at is Healius. It is one of Australia’s largest pathology and diagnostic imaging providers.

Healius has been growing at a rapid rate over the last couple of financial years thanks to huge demand for COVID testing. Despite testing volumes inevitably declining now as Australia moves on from the pandemic, analysts at Morgans remain positive on the company and have an add rating and $5.26 price target on its shares.

The broker is expecting Healius’ base business to rebound as COVID headwinds ease.

It commented: “We continue to believe HLS is attractively valued and well placed, benefiting from the likely continuance of COVID PCR testing (at some level) and from the inevitable rebound in demand from a backlog in diagnosis and surgery.”

Wesfarmers Ltd (ASX: WES)

Another ASX 200 share that is rated highly is Wesfarmers. It is the conglomerate behind the Bunnings, Kmart, Officework, Priceline, and Target businesses. In addition, the company owns a collection of industrial businesses and even lithium mining operations.

The Wesfarmers share price is having a tough year and has pulled back materially from its highs. While this is disappointing, the team at Morgans believes it has created a buying opportunity for investors. Its analysts currently have an add rating and $58.50 price target on its shares.

Morgans commented: “WES possesses one of the highest quality retail portfolios in Australia with strong brands including Bunnings, Kmart and Officeworks. The company is run by a highly regarded management team and the balance sheet is healthy. While COVID-related staff shortages are a challenge, the core Bunnings division (>60% of group EBIT) remains a solid performer as consumers continue to invest in their homes. We see the recent pullback in the share price as a good entry point for longer term investors.”

The post 2 blue chip ASX 200 shares to buy according to experts appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

More reading

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Wesfarmers 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/DtKuVc1

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s