3 excellent ASX 200 (ASX:XJO) shares that could be buys

These ASX 200 shares are highly rated…

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If you are looking to bolster your portfolio with some S&P/ASX 200 Index (ASX: XJO) shares, you may want to look at the three listed below.

Here’s why these ASX 200 shares are highly rated right now:

Bapcor Ltd (ASX: BAP)

The first ASX 200 share to look at is Bapcor. It is the Asia Pacific region’s leading provider of vehicle parts, accessories, equipment, service and solutions. Last month Bapcor released its full year results and revealed a 20.4% increase in revenue to $1,761.7 million and a 46.5% jump in pro forma net profit after tax to $130.1 million. This was driven by growth across the business.

The team at Credit Suisse remain positive on its long term growth potential. The broker currently has an outperform rating and $9.20 price target on its shares.

SEEK Limited (ASX: SEK)

Another ASX 200 share to look at is this leading job listings company. It was also on form in FY 2021 thanks to its domination of the ANZ market. This led to SEEK reporting a 1% increase in revenue to $1,591 million and a 58% jump in net profit after tax excluding significant items to $141 million.

Macquarie is a big fan of the company. It currently has an outperform rating and $37.00 price target on SEEK’s shares. It expects SEEK to benefit from increasing job ad volumes as the Australian economy recovers from the pandemic.

Zip Co Ltd (ASX: Z1P)

A final ASX 200 share to consider is this buy now pay later (BNPL) provider. It was arguably the strongest performer of the three during FY 2021, delivering a 178.5% jump in transaction volume to $5.8 billion and a 150% increase in revenue to $403.2 million. This was underpinned by increased repeat use and a 248% lift in active customers to 7.3 million.

Morgans is very positive on Zip. It has an add rating and $8.87 price target on its shares. The broker continues to see longer term upside if Zip can execute on its ambition of becoming a global payments player.

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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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Bapcor. 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.

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