Morgans says these are some of the very best ASX 200 shares to buy

The broker believes these shares could be destined to deliver big returns.

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If you are looking for some new additions to your portfolio, then it could be worth listening to what analysts at Morgans are saying about the ASX 200 shares listed below.

They currently feature on the broker's coveted best ideas list. These are the companies that its analysts think offer the highest risk-adjusted returns over a 12-month timeframe. They are also supported by a higher-than-average level of confidence.

Two ASX shares that feature on Morgans' best ideas list right now are listed below. Here's what the broker is saying about them:

Flight Centre Travel Group Ltd (ASX: FLT)

The first ASX 200 share for investors to look at is travel agent giant Flight Centre. The broker feels it is the best option in the travel sector.

Particularly given its transformed business model and the potential for the company to smash consensus estimates if it delivers on its margin goals. The broker explains:

FLT has the greatest risk, reward profile of our travel stocks under coverage. The risk is centred around execution given its changed business model, while the reward is material if FLT delivers on its 2% margin target. If achieved, this would result in material upside to consensus estimates and valuations. FLT is targeting to achieve this margin in FY25. With greater confidence in the travel recovery and the benefits of Flight Centre's transformed business model already emerging, we think the company is well placed over coming years.

Morgans has an add rating and a $27.27 price target on the company's shares. Based on its current share price of $20.75, this implies a potential upside of 31% for investors over the next 12 months.

Inghams Group Ltd (ASX: ING)

Another ASX 200 share that could be a top option for investors according to Morgans is poultry producer Inghams.

Morgans believes its shares are undervalued given its leadership position and attractive 6%+ dividend yield. It explains:

ING remains undervalued trading on a low PE multiple, especially for what is a market leader, with a vertically integrated operating model and assets that are difficult and costly to replicate. It is also leveraged to poultry – the affordable, healthy, sustainable and growth protein. Additionally, ING offers an attractive fully franked dividend yield.

Morgans has an add rating and a $4.40 price target on its shares. With the Inghams share price currently trading at $3.62, this suggests that there could be a return of 21% for investors over the next 12 months excluding dividends.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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