If you are wanting to build a strong portfolio, then having a few blue chips in there could be a good starting point.
But which blue chip ASX 200 shares could be buys in July?
Let's take a look at three high-quality options for investors to consider buying:
Brambles Limited (ASX: BXB)
Analysts at UBS think that Brambles could be an ASX 200 blue chip share to buy in July.
Brambles is a supply chain solutions company that specialises in reusable pallets, crates, and containers for shared use.
The broker was pleased with the company's performance during the first half and appears confident that the second half will be positive. It continues to believe this could support a re-rating of its shares in the near future.
UBS currently has a buy rating and $17.30 price target on Brambles' shares. Based on its current share price of $14.45, this This implies potential upside of approximately 20% for investors over the next 12 months.
Goodman Group (ASX: GMG)
Another blue chip ASX 200 share that could be a buy in July is Goodman Group. It is a leading integrated commercial and industrial property company.
Goodman has been growing at a consistently solid rate over the last decade. This has been driven by the success of its strategy of developing high-quality industrial properties in strategic locations.
The good news is that this strategy remains in place and Goodman has a huge development pipeline that is expected to drive further growth. This includes data centres that are in demand due to the artificial intelligence megatrend.
Citi currently has a buy rating and $40.00 price target on its shares. This suggests potential upside of almost 15% for investors from current levels.
Woolworths Limited (ASX: WOW)
Finally, analysts at Goldman Sachs think that Woolworths could be a blue chip ASX 200 share to buy in July.
It is Australia's largest supermarket operator. In addition, it owns Big W, Everyday Rewards, has a growing pet care business, and a collection of technology businesses such as Cartology and Quantium.
Goldman Sachs is feeling positive about Woolworths due to its industry leadership and potential for market share gains. The latter is expected to be driven by its vast loyalty program and omni-channel advantage.
The broker currently has a buy rating and $39.40 price target on its shares. Based on its current share price of $33.93, this suggests potential upside of 16% for investors over the next 12 months.
