Analysts name 3 ASX 200 shares that could generate strong returns

Here are three ASX 200 shares to buy…

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If you’re interested in adding some S&P/ASX 200 Index (ASX: XJO) shares to your portfolio in June, then the three listed below could be worth considering.

These ASX 200 shares have been named as buys and tipped to generate strong returns for investors. Here’s what you need to know about them:

CSL Limited (ASX: CSL)

The first blue chip ASX 200 share to consider is CSL. It is a leading biotechnology company which owns a portfolio of life-saving and lucrative therapies and vaccines which are generating billions of dollars in sales each year. In addition, the company invests in the region of 10% to 11% of its sales back into research and development activities every year. This ensures that CSL has a pipeline of potentially lucrative products to drive its future growth.

Citi is positive on CSL and has a buy rating and $335.00 price target on its shares. This compares to the latest CSL share price of $273.50.

NEXTDC Ltd (ASX: NXT)

Another ASX 200 share that could be in the buy zone is NextDC. It is a leading data centre operator with a collection of world class centres across key locations throughout Australia. Together with its potential expansion into Asia and Edge (regional) data centres and the ongoing structural shift to the cloud, NextDC has been tipped to grow strongly in the coming years.

Citi is also positive on NextDC. The broker has a buy rating and $14.55 price target on its shares. This compares to the latest NextDC share price of $11.06.

SEEK Limited (ASX: SEK)

A final ASX 200 share for investors to look at is leading job listings company, Seek. It appears well-positioned for growth in the coming years thanks to its leadership position, pricing power, and exposure to Australia’s recovery from the pandemic.

The team at Morgan Stanley is bullish on Seek. Its analysts currently have an overweight rating and $36.00 price target on its shares. This compares favourably to the current Seek share price of $24.24.

Motley Fool contributor James Mickleboro has positions in NEXTDC Limited and SEEK Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in 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 Scott Phillips.

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