The ASX 200 index is home to 200 of the largest listed companies on the Australian share market.
While there are a good number of quality options on offer in the index, two in particular that could be in the buy zone are listed below.
Here's what you need to know about these ASX 200 shares:
Goodman Group (ASX: GMG)
The first blue chip ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company.
Goodman has a world class portfolio of in-demand warehouses, large scale logistics facilities, and business and office parks.
Thanks to strong demand for its property, the company currently boasts an occupancy rate of 99% and (yet again) reported solid like-for-like net property income (NPI) growth during the first half of FY 2023.
Looking ahead, the company appears well-placed for more of the same thanks to tight market conditions and its significant development pipeline.
Citi is a big fan of Goodman. It currently has a buy rating and $24.00 price target on the company's shares.
Treasury Wine Estates Ltd (ASX: TWE)
Another ASX 200 blue chip share that has been tipped as a buy is Treasury Wine.
It is of course one of the world's leading wine companies and the owner of a collection of highly popular wine brands. In its portfolio are brands including 19 Crimes, Blossom Hill, and Penfolds.
While being kicked out of China was a bitter blow, the company has bounced back strongly and found new destinations for its wine. Combined with the success of its premiumisation strategy, this appears to have positioned it well for the future.
In fact, Morgans is very positive on its outlook and believes the "foundations are now in place for TWE to deliver strong earnings growth […] over the next few years." There's also potential for a re-entry into China in the future if tariffs are eventually removed.
For now, Morgans has an add rating and $15.05 price target on its shares.
