If you’re looking to add some ASX 200 shares to your portfolio, then it could be worth checking out the two listed below.
Both have been rated as buys by the team at Morgans and tipped to climb materially higher from current levels. Here’s what you need to know:
QBE Insurance Group Ltd (ASX: QBE)
The first ASX 200 share to look at is QBE. Morgans believes the insurance giant’s shares are trading at a very attractive level, particularly given its improving outlook.
The broker currently has an add rating and $13.50 price target on the company’s shares.
Morgans explained: “With strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits to come, we expect QBE’s earnings profile to improve strongly over the next few years. The stock also has a robust balance sheet and remains relatively inexpensive overall trading on ~12x FY22F PE.”
Treasury Wine Estates Ltd (ASX: TWE)
Another ASX 200 share that could be in the buy zone right now according to Morgans is Treasury Wine. The broker likes the wine giant due to the quality of its Penfolds business, favourable tailwinds, and its highly regarded management team.
Its analysts have an add rating and $13.93 price target on the company’s shares.
The broker commented: “TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The company recently reported an impressive 1H22 result despite facing a number of material headwinds. The foundations are now in place for TWE to deliver strong double digit growth from the 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.”
The post Broker names 2 ASX 200 shares to buy with almost 20% upside 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
- Look out Treasury Wine (ASX:TWE), there’s a new shiraz on the block
- Here’s why the Treasury Wine (ASX:TWE) share price is tipped to outperform
- Lucky 13? The QBE Insurance share price is now up 13% in 2 weeks
- Top brokers name 3 ASX shares to buy next week
- 5 ASX shares to ride out the 2022 volatility: 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 recommended Treasury Wine Estates 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/FQaLuey
Leave a Reply