With so many blue chip ASX 200 shares for investors to choose from, it can be hard to decide which ones to buy.
To help narrow things down, I have picked out two that analysts at Citi rate as buys right now. They are as follows:
CSL Limited (ASX: CSL)
When it comes to blue chip ASX 200 shares, there are few that can compare to CSL.
It is one of the worldâs leading biotechnology companies, comprising the CSL Behring, CSL Vifor, and Seqirus businesses. These are leaders in their field and collectively generate strong revenue and earnings whatever is happening in the economy.
This could make CSL a particularly good option in the current uncertain economic environment.
Citi certainly believes this is the case. It currently has a buy rating and $350.00 price target on its shares. Its analysts note that this price target “implies CSL should trade on an FY25 PE of ~28x, in line with the 10-year average.”
Goodman Group (ASX: GMG)
Another high-quality blue chip ASX 200 share that could be a buy is Goodman Group.
It is a leading integrated commercial and industrial property company that has $80.7 billion of total assets under management and a work in progress (WIP) pipeline valued at $13 billion. The company notes that the latter has high pre-commitment with its WIP 64% committed and completions for the 9 months 99% leased.
This shouldn’t come as a big surprise, though. Management also highlights that demand remains very strong thanks to the “scarcity of assets and the complex planning and delivery environment for new space.”
It is partly for this reason that analysts at Citi “see potential for GMG to generate consistent high-single to low-double digit earnings growth over the medium term.”
The broker currently has a buy rating and $24.30 price target on Goodman’s shares.
The post Hereâs why analysts rate CSL and this top blue chip ASX 200 share as buys 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 April 3 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
- 5 ASX 200 shares to buy according to brokers
- What’s the forecast for the CSL share price in the second half of 2023?
- Buy these excellent ASX 50 shares now: broker
- Why Citi is raving about this amazing ASX 200 stock
- 2 ASX 200 blue chip shares that brokers love
Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has recommended Goodman Group. 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/hB7TiwV
Stock Pick 