Experts say these ASX 200 blue chip shares are buys

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

Here’s why these blue chip shares are highly rated by experts right now:

REA Group Limited (ASX: REA)

The first blue chip ASX 200 share to look at is REA Group. It is the leading player in online real estate listings in the Australian market with its realestate.com.au website.

This website continues to dominate the local market, helping the company deliver a 16% increase in revenue to $305 million and an 11% lift in operating EBITDA to $131 million during the first quarter despite the housing market downturn.

This was underpinned by 121.9 million average monthly visits during the period, which is 3.3 times more visits than the nearest competitor.

Goldman Sachs was pleased with the update and remains bullish on the future. In response, the broker has retained its buy rating with a $159.00 price target on its shares.

Treasury Wine Estates Ltd (ASX: TWE)

Another ASX 200 blue chip share that could be a top option for investors is Treasury Wine.

It is one of the world’s leading wine companies and the owner of a portfolio of popular wine brands. The jewel in the crown is of course the Penfolds brand, which continues to generate significant sales for Treasury Wine even after being kicked out of China.

Looking ahead, thanks to the success of its premiumisation strategy and strong demand in the United States, the team at Morgans believes the “foundations are now in place for TWE to deliver strong earnings growth from the 2H22 over the next few years.”

Morgans has an add rating and $15.71 price target on its shares.

The post Experts say these ASX 200 blue chip shares are buys appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• I’d aim for $1 million in retirement buying just 10 ASX 200 shares
• 3 ASX 200 shares analysts are tipping for stellar growth
• Markets are nervous. Why waiting to buy these ASX 200 shares could prove expensive
• 3 dividend-paying ASX growth shares I would buy to retire rich

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 recommended REA Group Limited and Treasury Wine Estates 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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