3 ASX 200 blue chip shares analysts rate highly

Analysts are fans of these blue chip shares…

| More on:
A man with a yellow background makes an annoncement, indicating share price changes on the ASX

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Investors that are looking to bolster their portfolio with some blue chip ASX 200 shares may want to look at the three listed below.

Here's why these blue chip ASX 200 shares are highly rated:

BHP Group Ltd (ASX: BHP)

The Big Australian could be a top blue chip option if you're not averse to investing in the mining sector. This is due to BHP's world class, low cost, and diverse operations and favourable commodity prices. In respect to the latter, with iron ore and oil prices rising strongly over the last 12 months, BHP appears well-positioned to deliver a bumper full year result in August. And with its balance sheet looking robust, this could lead to surplus cash being returned to shareholders through dividends and buybacks.

Macquarie is very positive on BHP and expects the mining giant to report a record second half result next month. The broker currently has an outperform rating and $63.00 price target on BHP's shares.

CSL Limited (ASX: CSL)

Another blue chip ASX 200 share to look at is CSL. It is one of the world's leading biotechnology companies and the name behind the CSL Behring and Seqirus businesses. While COVID-19 has been weighing on plasma collections and could be a headwind in the near term, increased demand for seasonal flu vaccines looks set to offset some of this. After which, CSL appears well-placed for long term growth thanks to strong demand for immunoglobulins and its lucrative research and development pipeline.

UBS is positive on CSL and currently has a buy rating and $330.00 price target on its shares.

SEEK Limited (ASX: SEK)

A final blue chip ASX 200 share to look at is SEEK. It is the dominant job listings company in the ANZ market and has a number of growing international operations. It appears well-placed for growth in the near term thanks to its strong market position and the positive outlook for Australia's unemployment level. With unemployment tipped to fall materially in the coming years, this appears supportive of increasing job advertisement volumes.

Macquarie is a fan of SEEK. It recently upgraded the company's shares to an outperform rating with a $40.00 price target.

Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. The Motley Fool Australia has recommended SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Blue Chip Shares

Person holding a blue chip.
Blue Chip Shares

2 ASX blue-chip shares I'd buy with $3,000 right now

These are large businesses with compelling futures.

Read more »

a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.
Blue Chip Shares

Why this could be one of the best blue chip ASX shares to buy right now

Morgans sees this blue chip as a best idea for investors right now.

Read more »

a man in a business suite throws his arms open wide above his head and raises his face with his mouth open in celebration in front of a background of an illuminated board tracking stock market movements.
Blue Chip Shares

Buy these ASX 200 blue chip shares for big returns

Analysts think these blue chips could be in the buy zone according to analysts.

Read more »

A couple are happy sitting on their yacht.
Opinions

Top ASX shares to buy instead of a term deposit in March 2024

You may have to weather the odd storm, but the long-term investment outlook looks fine!

Read more »

Happy woman looking for groceries. as she watches the Coles share price and Woolworths share price on her phone
Blue Chip Shares

Why Coles shares could be a best buy for blue chip investors

Bell Potter thinks Coles is the best supermarket to buy this month.

Read more »

Three excited business people cheer around a laptop in the office
Blue Chip Shares

2 powerful blue chip ASX 200 shares to buy for your portfolio

Analysts think these high-quality companies could give your portfolio a big boost.

Read more »

A little boy holds his fingers to his head posing as a bull.
Blue Chip Shares

Here are 2 high-quality ASX 200 blue chip shares that analysts are bullish on

These blue chips have been given a big thumbs up.

Read more »

Woman smiling with her hands behind her back on her couch, symbolising passive income.
Blue Chip Shares

This is the ASX blue-chip share I'd buy for dividend income

Here’s why I love this stock for payouts.

Read more »