4 ASX 200 blue chip shares to buy now

Analysts say these high-quality companies are top buys in April.

| More on:
A group of people in suits watch as a man puts his hand up to take the opportunity.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

Motley Fool contributor James Mickleboro has positions in Treasury Wine Estates and Xero. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Transurban Group, and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Blue Chip Shares

A group of businesspeople clapping.
Blue Chip Shares

2 of the best ASX 200 blue-chip shares to buy in May

These blue chips are best buys according to a couple of leading brokers.

Read more »

Two smiling work colleagues discuss an investment or business plan at their office.
Blue Chip Shares

These ASX 200 blue chip shares could rise 10% to 30%

Analysts are tipping these blue chips to deliver big returns.

Read more »

Three happy shoppers.
Blue Chip Shares

Is Wesfarmers stock a good long-term investment?

A diversified portfolio, market penetration and growing dividends are just three reasons to like this company.

Read more »

A young man wearing a black and white striped t-shirt looks surprised.
Blue Chip Shares

Goldman says this ASX 200 share can rise 20% and offer a juicy dividend yield

This blue chip could be a top buy according to the broker.

Read more »

A man and woman in an office look at a laptop and discuss investing, budget strategies or other financial concepts
Blue Chip Shares

3 excellent ASX 200 blue-chip shares to buy in May

Analysts are tipping these quality companies as top buys.

Read more »

A group of people in suits watch as a man puts his hand up to take the opportunity.
Blue Chip Shares

These ASX 200 blue-chip shares could rise 20% to 30%

A leading broker is tipping big returns for these blue chips.

Read more »

A couple working on a laptop laugh as they discuss their ASX share portfolio.
Blue Chip Shares

Forget CBA shares and buy these ASX 200 stocks in May

Analysts think these stocks could be in the buy zone instead of Australia's largest bank.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Blue Chip Shares

Why brokers say these ASX 200 blue-chip shares are strong buys

These blue chips could have plenty of upside according to brokers.

Read more »