If you're constructing an investment portfolio, including a few strong blue chips in there can be a good thing.
But which blue chip ASX 200 shares could be buys this month? Here are four that are rated highly by analysts:
Brambles Limited (ASX: BXB)
The first ASX 200 blue chip share that could be a buy is Brambles. It is a supply chain solutions company that manages the world's largest pool of reusable pallets, crates, and containers.
UBS believes it could be a great option for investors. Especially given the sharp discount that its shares trade at compared to industrials peers. It also suspects that Brambles' shares could re-rate to higher multiples once it demonstrates the sustainability of its earnings.
The broker currently has a buy rating and $17.40 price target on Brambles' shares.
CSL Limited (ASX: CSL)
Analysts at Citi think that CSL could be an ASX 200 blue share to buy. It is one of the world's leading biotherapeutics companies with a collection of industry-leading therapies.
It also looks set to add to this product portfolio in the coming years thanks to its significant annual investment in its research and development (R&D) activities. Combined with strong demand for its plasma therapies, Citi believes that CSL is well-placed for strong growth in the coming years.
Citi has a buy rating and $345.00 price target on its shares.
Goodman Group (ASX: GMG)
Another ASX 200 blue chip share that could be a great portfolio addition is Goodman Group. It is a leading integrated commercial and industrial property company that owns, develops, and manages high-quality, sustainable properties that are close to consumers and provide essential infrastructure for the digital economy.
Citi is a big fan of the company and believes it is well placed for growth in the coming years. This is thanks to its huge development pipeline and exposure to the artificial intelligence megatrend through its data centres.
Citi currently has a buy rating and $40.00 price target on its shares.
Woolworths Limited (ASX: WOW)
Analysts at Goldman Sachs think that Woolworths is an ASX 200 blue chip share to buy. It is of course Australia's largest retailer and the one of the big two supermarket operators. It also owns Big W, a growing pet care business, and the Everyday Rewards loyalty program.
The broker believes that Woolworths' outlook is very positive thanks to its industry leadership and potential for market share gains. The latter is expected to be supported by its vast loyalty program and omni-channel advantage.
Goldman currently has a buy rating and $40.20 price target on its shares.
