If you're looking to add some high quality shares to your investment portfolio, then you might want to look at the blue chip ASX 200 shares listed below.
Here's why experts are tipping these blue chip ASX 200 shares as ones to buy right now:
Goodman Group (ASX: GMG)
The first blue chip ASX 200 share to look at is Goodman. It is an integrated commercial and industrial property company with a world class portfolio of in-demand warehouses, large scale logistics facilities, and business and office parks.
Strong demand for its property led to the company reporting an occupancy rate of 99% during the first half. This has helped underpin solid like-for-like net property income growth again so far in FY 2023.
Goldman Sachs was impressed with its results and remains very positive on the future thanks to strong demand and its significant development pipeline. In response to its results, the broker commented:
GMG continues to demonstrate its strong platform and positioning as evident in today's result, supported by our expectation of a strong outlook for the Industrial sector more broadly, with a number of favourable fundamentals underpinning future long-term demand for industrial space. We expect solid rental growth as demand for high quality logistics space continues to outpace available supply.
Goldman has a buy rating and $25.40 price target on its shares.
Macquarie Group Ltd (ASX: MQG)
Another ASX 200 blue chip share that could be in the buy zone is this investment bank.
Macquarie has also been performing very strongly in FY 2023 despite the current economic environment. This caught the eye of analysts at Morgans, which were particularly impressed with its recent quarterly update. They said:
MQG is a quality franchise, exposed to structural growth areas, and the company has performed exceptionally well in a more difficult FY23 environment. MQG has also consistently delivered attractive returns over time (~15% average ROE) and with >10% share price upside to our price target (A$214), we maintain our ADD recommendation.
Morgans has an add rating and $214.51 price target on the company's shares.
Another positive with Macquarie's shares is that they provide investors with an attractive yield. For example, Morgans is expecting partially franked dividends of $7.41 per share in FY 2023 and $7.13 per share in FY 2024. Based on the current Macquarie share price of $184.16, this will mean yields of 4% and 3.9%, respectively.
