If you’re looking for S&P/ASX 200 Index (ASX: XJO) shares to buy, then you may want to consider the two listed below.
Here’s why these ASX 200 shares have been named as buys:
Goodman Group (ASX: GMG)
The first ASX 200 share to consider is Goodman Group. It is an integrated property company with operations across the world. It currently has $57.9 billion of assets under management, 363 properties, and over 1,600 customers.
The team at Bell Potter are positive on the company and are forecasting solid growth over the coming years.
In response to its results last month, Bell Potter commented: “GMG’s FY21 EPS was +2% above guidance and +1%/+0.5% above consensus/Citi, with the beat vs our estimate driven by higher investment income and lower interest expense/tax. FY22 EPS guidance was introduced at 10% growth or 72.2c, -2% below consensus and -3.5% below our prior estimate. However, we see upside to guidance and the share price, and re-iterate our Buy rating.”
The broker has a buy rating and $26.00 price target on its shares. This compares to the current Goodman share price of $22.51.
Orocobre Limited (ASX: ORE)
Another ASX 200 share to consider is this lithium miner. It could be a top option for investors looking for exposure to the clean energy/electric vehicle thematic.
Analysts at Citi remain very bullish on the company’s shares despite their strong gain this year.
Citi commented: “While we acknowledge the strong Orocobre share price performance (almost doubled YTD), we believe ORE is well positioned to capitalise on current positive macro dynamics of lithium markets via 1) strong growth pipeline with sufficient balance sheet headroom (total available liquidity of US$511m) to pursue projects in parallel and 2) improving product mix with 50% of FY22 Olaroz production to be battery grade, CY22 commissioning of Naraha hydroxide plant and Mt Cattlin leveraged to strong spot spodumene pricing.”
Citi has a buy rating and $10.50 price target on the lithium miner’s shares. As a comparison, the Orocobre share price closed the day at $9.56.