If youâre looking for ASX 200 blue chip shares to add to your portfolio, then read on!
Listed below are two blue chip shares that have been rated as buys by analysts. Hereâs what they are saying about them right now:
QBE Insurance Group Ltd (ASX: QBE)
This insurance giant could be a top option for investors looking for ASX 200 blue chip shares to buy.
Especially given its increasingly positive outlook thanks to premium increases, cost outs, and rising interest rates.
It is for these reasons that Morgans is bullish on the company. The broker also highlights that its shares are currently trading at a level that appears “relatively inexpensive.”
Morgans has an add rating and $16.96 price target on QBEâs shares. This compares favourably to the latest QBE share price of $14.53. In addition, the broker is forecasting dividend yields of 5.6% and 6.4%, respectively, for the next two financial years.
Wesfarmers Ltd (ASX: WES)
Another ASX 200 blue chip share that could be in the buy zone right now is Wesfarmers.
It is the conglomerate behind a high quality portfolio of businesses across a range of industries. This includes Bunnings, Kmart, Target, WesCEF, Officeworks, Priceline, and Flybuys.
UBS is a fan of the company and believes its WesCEF business is well-placed to deliver strong earnings again this year.
The broker currently has a buy rating and $55.50 price target on its shares. So, with the Wesfarmers share price trading at $49.76, this suggests potential upside of 11.5% for investors.
In addition, income investors can expect some attractive dividend yields in the near term. UBS is forecasting 3.7% and 4% dividend yields, respectively, over the next two years.
The post 2 high quality blue chip ASX 200 shares named as buys by analysts 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…
See The 5 Stocks
*Returns as of March 1 2023
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- $1,600 annual dividend income from a $20,000 ASX share portfolio? Hereâs how
- Morgans says buy these ASX dividend shares for passive income
- How to make passive income for life with just $5 a day
- Is time running out to buy high-yield ASX dividend shares?
- Stay away from this ASX sector (and buy this one instead): expert
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 Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
from The Motley Fool Australia https://ift.tt/mZ27lvd