There certainly are a lot of quality options for investors on the S&P/ASX 200 Index (ASX: XJO).
While not all shares on the benchmark index are in the buy zone, three which I think are great value are listed below.
Here’s why I would buy them today:
BHP Group Ltd (ASX: BHP)
The first ASX 200 share I would consider buying is BHP. The Big Australian is my favourite option in the resources sector due to its diverse, low cost, and world class operations. Another reason I like the company at the moment is due to favourable commodity prices. This is particularly the case with iron ore, which is trading beyond US$100 a tonne. And with many analysts expecting the steel making ingredient to trade at lofty levels for longer due to supply disruptions and robust demand, BHP looks well-placed to deliver strong results in both FY 2020 and FY 2021. As a result, I think the risk/reward on offer with its shares currently is compelling.
Ramsay Health Care Limited (ASX: RHC)
Ramsay Health Care is another ASX 200 share to look at. While the private hospital operator is facing very tough trading conditions, and this is unexpected to change in the near term, the market already understands this and has priced it into its shares. As a result, I think investors should be focusing on its long term prospects, which look very positive. This is due to ageing populations and increasing chronic disease burden which are expected to drive strong demand for healthcare services over the next decade and beyond.
REA Group Limited (ASX: REA)
Another ASX 200 share I would suggest investors consider buying is REA Group. It is a leading property listings company with real estate websites in Europe, Asia, the United States, and Australia. The pandemic has made trading conditions tough for the housing market, but with restrictions now easing there are signs of life again. In fact, last weekend auction clearance rates were very strong, all things considered. I expect trading conditions to improve over the next 12 months and for REA Group’s earnings growth to accelerate once the headwinds it is facing dissipate.
And here are more quality shares which could be among the best to buy right now…
3 “Double Down” Stocks To Ride The Bull Market
Motley Fool resident tech stock expert Dr. Anirban Mahanti has stumbled upon three under-the-radar stock picks he believes could be some of the greatest discoveries of his investing career.
He’s so confident in their future prospects that he has issued “double down” buy alerts on each of these three stocks to members of his Motley Fool Extreme Opportunities stock picking service.
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More reading
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- ASX 200 jumps 3%: CBA rebounds, Afterpay hits a new record high
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- Coles shares and 2 other ASX 200 companies to buy in the current market
- The Santos share price is down 36%! This is what I’d do today
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ramsay Health Care Limited and REA Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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