If you're wanting to build a strong portfolio, then having a few blue chips in there could be a good starting point.
Blue chips are typically large companies that have been operating for many years, have stable cash flows, and experienced management teams. This can make them lower risk options and a good foundation of a portfolio.
But which blue chip ASX 200 shares could be in the buy zone? Here are three to consider:
CSL Limited (ASX: CSL)
The first blue chip ASX 200 share to consider is CSL. It is one of the world's leading biotechnology companies, comprising the CSL Behring, CSL Vifor, and Seqirus businesses. It appears well-placed for growth over the long term thanks to strong demand for its immunoglobulins and its lucrative research and development pipeline.
Citi is a fan of the company and has a buy rating and $340.00 price target on its shares.
Goodman Group (ASX: GMG)
Another blue chip ASX 200 share that experts are tipping as a buy is Goodman Group. It is a leading integrated commercial and industrial property company that has been growing at a strong rate over the last decade. This impressive form has been underpinned by the success of its strategy of developing high quality industrial properties in strategic locations. These locations are close to large urban populations and in and around major gateway cities globally.
Goldman Sachs is positive on the company's outlook thanks to strong demand for industrial property. It has a buy rating and $24.20 price target on its shares.
South32 Ltd (ASX: S32)
Finally, another ASX 200 blue chip share to consider for 2023 is South32. It is a diversified mining and metals company producing a range of commodities including alumina, aluminium, copper, manganese, metallurgical coal, nickel, silver, and zinc. Thanks to its exposure to the decarbonisation megatrend, the company has been tipped to generate strong earnings and pay big dividends for the foreseeable future.
Morgans is positive on the miner and currently has an add rating and $5.30 price target on its shares.
