Here are 2 ASX 200 blue chip shares that experts rate as buys

a man sits at his computer screen scrolling with his fingers with a satisfied smile on his face as though he is very content with the news he is receiving.

a man sits at his computer screen scrolling with his fingers with a satisfied smile on his face as though he is very content with the news he is receiving.

If you are looking to bolster your portfolio with some ASX 200 blue chip shares, you may want to look at the two listed below.

Here’s why these ASX 200 shares are highly rated by experts right now:

Coles Group Ltd (ASX: COL)

The first ASX 200 share that could be a buy is supermarket giant, Coles.

Coles could be a good option for investors in the current environment due to its defensive qualities, strong market position, positive outlook, and favourable exposure to rising inflation.

In addition, the company continues to work hard on its refreshed strategy, which is focusing on cutting costs with automation and efficiencies. This includes two new warehouses with Ocado that are expected to boost its online business in 2023.

Analysts at Morgans remain very positive on the company. They currently have an add rating and $20.00 price target on its shares.

Another positive is that Coles shares a significant portion of its profits with its shareholders. Morgans expects this to lead to the company paying fully franked dividends of 65 cents per share in FY 2023 and then 66 cents per share in FY 2024. Based on the latest Coles share price of $16.60, this will mean yields of 3.9% and 4%, respectively, over the next two years.

REA Group Limited (ASX: REA)

Another ASX 200 share that could be a buy right now is property listings company REA Group.

It is the owner over the realestate.com.au website (among others), which is dominating the ANZ market. For example, in FY 2022, the company averaged 12.7 million unique visits each month, which represents 62% of Australia’s adult population. And these people didn’t just visit once. REA reported a total of 124.1 million average monthly visits, which is 3.36x greater than its nearest competitor.

It is thanks to this dominant market position, together with new acquisitions and revenue streams, that REA Group has been tipped to grow strongly in the coming years.

Goldman Sachs is one of those brokers tipping solid growth in the coming years. In light of this, its analysts currently have a buy rating and $164.00 price target on the company’s shares.

The post Here are 2 ASX 200 blue chip shares that experts rate as buys appeared first on The Motley Fool Australia.

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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 has positions in and has recommended COLESGROUP DEF SET. 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 Scott Phillips.

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