2 outstanding blue chip ASX shares to buy this month

Here are a couple of blue chip shares that have been rated as buys…

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Have you got room for a blue chip or two in your portfolio? If you are, then take a look at the blockbuster blue chip shares listed below.

Here’s why they are highly rated:

CSL Limited (ASX: CSL)

The first blue chip for investors to look at is one that many investors regard as the highest quality company on the Australian share market – CSL.

It is one of the world’s leading biotechnology companies, comprising the CSL Behring and Seqirus businesses. Both are leaders in their respective fields – plasma therapies and vaccines.

And while plasma collection headwinds have been weighing on collections and investor sentiment again this year, CSL appears well-placed for growth once conditions ease. Particularly given strong demand for its immunoglobulins and vaccines, and its lucrative R&D pipeline. The latter is full of potential therapies that could boost sales materially in the future.

Macquarie is a fan of CSL. Last week it upgraded the company’s shares to an outperform rating with a $338.00 price target. This compares to the most recent CSL share price of $309.00.

REA Group Limited (ASX: REA)

Another blue chip share for investors to look at is REA Group. It is the dominant player in real estate listings in the Australian market.

REA Group looks well-placed for growth in the coming years for a number of reasons. These include the booming housing market, new revenue streams, cost cutting, price increases, its international operations, and acquisitions. The latter has seen the company grow its presence in mortgage broking through the acquisition of Mortgage Choice.

Macquarie is also very positive on REA Group and has an outperform rating and $192.00 price target on its shares. This compares to the latest REA Group share price of $171.79.

Should you invest $1,000 in REA right now?

Before you consider REA, you'll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and REA wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

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. owns shares of and has recommended CSL Ltd. 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.

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