Looking for investment ideas for after the Easter break? Listed below are two high quality ASX 200 options to consider right now.
Here’s what you need to know about these ASX 200 shares:
Goodman Group (ASX: GMG)
The first ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company with a portfolio of high quality properties.
These properties are in high demand with end users because they have exposure to key growth markets such as ecommerce and logistics and are found in key locations close to gateway cities.
Thanks to this strong demand and its material development pipeline, Goodman has been tipped to continue its solid growth in the coming years. In fact, the team at Citi believe that Goodman will outperform its upgraded guidance in FY 2022 and continue its strong growth thereafter.
It said: “We continue to see guidance as conservative, with our EPS estimates rising 5% in FY22 and c. 6% thereafter. We now forecast c. 23% EPS growth in FY22 and c. 19% EPS CAGR from FY21-FY24. Our TP increases 5% on higher asset values and higher earnings. GMG remains OUR top pick in the sector.”
Citi has a buy rating and lifting its price target to $29.50 on its shares.
REA Group Limited (ASX: REA)
Another ASX 200 share to consider is property listings company REA Group. It is best-known for the realestate.com.au website, which has been dominating the ANZ market for years.
This domination has continued in FY 2022, with the company reporting 3.3 times more visits than its nearest rival. This includes a record 13.2 million people visiting its local site in October.
In light of this dominance, the robust housing market, and new acquisitions and revenue streams, REA Group has been tipped to continue its growth in the coming years by the team at Goldman Sachs.
Its analysts said: “With a strong start to 2H (i.e. listings +14% in Jan), and continued pricing/depth residential tailwinds, we expect solid 2H momentum. […] We forecast FY23 EBITDA growth of +7%, assuming (1) -5% listings headwinds (-7% adj. for non-repeat of Fed Election) offset by +6% price and +3% depth/new products (such as Audience Max/Connect).”
Goldman has a buy rating and $167.00 price target on the company’s shares.
The post 2 highly rated ASX 200 shares analysts are tipping 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.
*Returns as of January 12th 2022
More reading
- 2 of the highest quality ASX 200 shares analysts are tipping as buys
- E-commerce is booming. Which ASX shares have exposure to warehouses?
- Top brokers name 3 ASX shares to buy today
- Carnage in 2022: Are these 2 top ASX 200 tech shares now buys?
- Why Bank of Queensland, Block, Premier Investments, and REA shares are dropping
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. 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/iw6ShGk
Leave a Reply