There are a lot of blue chip ASX 200 shares to choose from on the Australian share market.
To narrow things down, I have picked out a couple of blockbusters that brokers are particularly positive on.
Here's what you need to know about them:
Breville Group Ltd (ASX: BRG)
This kitchen appliance manufacturer could be an ASX 200 blue chip share to buy.
That's the view of analysts at Goldman Sachs, who believe that Breville is well-placed for growth over the coming years. In fact, the broker is forecasting double-digit earnings growth despite the tough economic environment. It explained:
[We] expect BRG will continue to execute on GP margin expansion. We remain supportive of BRG's characteristics as a high quality name in a secular growth category and believe they will be able to demonstrate revenue and EBIT CAGR of 7.6% and 11.1% over FY22-25.
Goldman has a buy rating and $22.70 price target on its shares. This compares to the latest Breville share price of $20.30.
Goodman Group (ASX: GMG)
Another ASX 200 blue chip share to buy could be Goodman. It is a leading industrial property company with a world class portfolio of assets spanning the globe.
Thanks to the success of its integrated own+develop+manage strategy, it has delivered strong returns to investors over the last decade.
The good news is that analysts at Citi believe that this strong form can continue. It commented:
GMG's 1H23 result highlighted the extent of tailwinds still existing for industrial property which make for a strong earnings growth outlook not just this year but into multiple years in the future. […] We believe GMG will continue to outperform given its high-quality exposure and strong earnings growth potential in an uncertain macro environment.
Citi has a buy rating and $24.00 price target on Goodman's shares. This compares to the latest Goodman share price of $19.10.
