If you're looking for ASX 200 blue chip shares to add to your portfolio, then read on!
Listed below are two blue chip shares that have been rated as buys by analysts. Here's what they are saying about them right now:
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QBE Insurance Group Ltd (ASX: QBE)
This insurance giant could be a top option for investors looking for ASX 200 blue chip shares to buy.
Especially given its increasingly positive outlook thanks to premium increases, cost outs, and rising interest rates.
It is for these reasons that Morgans is bullish on the company. The broker also highlights that its shares are currently trading at a level that appears "relatively inexpensive."
Morgans has an add rating and $16.96 price target on QBE's shares. This compares favourably to the latest QBE share price of $14.53. In addition, the broker is forecasting dividend yields of 5.6% and 6.4%, respectively, for the next two financial years.
Wesfarmers Ltd (ASX: WES)
Another ASX 200 blue chip share that could be in the buy zone right now is Wesfarmers.
It is the conglomerate behind a high quality portfolio of businesses across a range of industries. This includes Bunnings, Kmart, Target, WesCEF, Officeworks, Priceline, and Flybuys.
UBS is a fan of the company and believes its WesCEF business is well-placed to deliver strong earnings again this year.
The broker currently has a buy rating and $55.50 price target on its shares. So, with the Wesfarmers share price trading at $49.76, this suggests potential upside of 11.5% for investors.
In addition, income investors can expect some attractive dividend yields in the near term. UBS is forecasting 3.7% and 4% dividend yields, respectively, over the next two years.
