If you are wanting to add some ASX 200 blue chip shares to your portfolio this month, then the four shares listed below could be worth a closer look.
These ASX 200 shares have all been named as buys recently by analysts and tipped to rise from current levels. 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 feeling positive about the company. In response to its stronger than expected first-half results in February, the broker put a buy rating on its shares with an improved price target of $17.10.
Transurban Group (ASX: TCL)
Over at Bell Potter, its analysts think that this toll road operator could be a top blue chip option for investors to buy.
The broker believes "the current inflationary environment is favourable for Transurban given its inflation-linked revenue stream with annual escalators." In addition, it highlights its current pipeline of growth projects is valued at $3.3 billion.
Bell Potter currently has a buy rating $15.90 price target on the company's shares.
Treasury Wine Estates Ltd (ASX: TWE)
A third ASX 200 blue chip share for investors to look at is Treasury Wine. It is the wine company behind popular brands including Penfolds, Wolf Blass, 19 Crimes, and Blossom Hill. It also recently added to its portfolio with the blockbuster U.S. acquisition of DAOU Vineyards for a sizeable $1.4 billion.
UBS is also a big fan of Treasury Wine and sees a lot of value in its shares at current levels. In response to news that Chinese tariffs have been removed, last week the broker retained its buy rating with an improved price target of $15.25.
Xero Limited (ASX: XRO)
Finally, the team at Goldman Sachs believes that cloud accounting platform provider Xero could be a top ASX 200 blue chip share to buy right now.
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." It also states that it is "positive on the company's outlook given accelerating product pipeline and strong management team to capture overseas market share while balancing profitability."
Goldman Sachs currently has a buy rating and $152.00 price target on its shares.
