Having a few ASX 200 blue chip shares in your portfolio is usually a good idea and can help build a strong portfolio.
But which ones could be in the buy zone right now?
Three that analysts are saying good things about are listed below. Here's what you need to know about them:
Brambles Limited (ASX: BXB)
The first ASX 200 blue chip share that could be a buy according to analysts is Brambles.
It is a supply chain solutions company that specialises in reusable pallets, crates, and containers for shared use.
UBS is positive on the company and has a buy rating and $16.55 price target on its shares. This implies potential upside of 12% for investors from current levels.
Treasury Wine Estates Ltd (ASX: TWE)
Another ASX 200 blue chip share that has been named as a buy is Treasury Wine.
It is the wine giant behind brands such as Penfolds, Wolf Blass, 19 Crimes, Blossom Hill. It also recently added to its portfolio with the acquisition of DAOU Vineyards for US$900 million (A$1.4 billion).
Morgans is feeling very positive about the company. Particularly following the aforementioned acquisition. Its analysts highlight that "if TWE delivers on its investment case [for DAOU], there is material upside to our valuation."
For now, the broker has an add rating and $14.15 price target on its shares. This suggests upside of 27% for investors over the next 12 months.
Xero Limited (ASX: XRO)
Finally, over at Goldman Sachs, its analysts believe that cloud accounting platform provider Xero is an ASX 200 blue chip share to buy.
The broker is very positive on the company due to its long-term market opportunity. It highlights that this comprises "100mn SMBs worldwide representing a >NZ$76bn TAM."
Goldman has a buy rating and $141.00 price target on its shares. This implies potential upside of 27% for investors from current levels.
