2 excellent ASX 200 blue chip shares named as buys

Check out these excellent ASX 200 blue chip shares…

| More on:
A man with a yellow background makes an annoncement, indicating share price changes on the ASX

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're wanting to boost your portfolio with some blue chips, then you might want to look at the ASX shares listed below.

Here's why these ASX blue chip shares are highly rated:

SEEK Limited (ASX: SEK)

SEEK is the leading job listings company in the ANZ region. It also has a number of growing businesses around the globe.

In respect to the former, during the first half of FY 2021, the company was the dominant force in the local market. It was averaging 35 million monthly visits and 160,000 active hirers. This represents almost a third of all placements in the region and is five times greater than its nearest rival.

It is thanks to this dominance that SEEK has been tipped to benefit greatly from Australia's strong economic recovery from the pandemic. With the unemployment rate tipped to fall materially over the next 12 months, job ad volumes look set to increase and underpin strong top line growth.

Macquarie is positive on SEEK. It currently has an outperform rating and $40.00 price target on its shares.

Sonic Healthcare Limited (ASX: SHL)

Sonic Healthcare is one of the world's leading providers of medical diagnostics. Over the last few decades it has earned a reputation for excellence in pathology, diagnostic imaging, and primary care medical services across operations in the ANZ, European and North American markets.

Due largely to strong demand for COVID-19 testing services, it is expected to deliver a very strong full year result this month. And with COVID testing unlikely to be going away any time soon, the company appears well-placed to benefit from elevated testing volumes in FY 2022 and potentially even FY 2023.

Combined with the strength of the rest of the business and a balance sheet that would support earnings accretive acquisitions, the future looks bright for Sonic.

Credit Suisse is very positive on Sonic and has an outperform rating and $43.50 price target on its shares.

Motley Fool contributor James Mickleboro owns shares of SEEK Limited. 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 SEEK Limited and Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Blue Chip Shares

A young man punches the air in delight as he reacts to great news on his mobile phone.
Blue Chip Shares

4 excellent ASX 200 blue chip shares to buy in 2025

If you are in the process of building an investment portfolio, then having a few ASX 200 blue chip shares in there…

Read more »

A couple makes silly chip moustache faces and take a selfie on their phone.
Blue Chip Shares

I think these are the 3 best ASX blue-chip shares for dividends

There are only a few big companies I’d want to own.

Read more »

A happy older couple relax in a hammock together as they think about enjoying life with a passive income stream.
Blue Chip Shares

Buy these quality ASX blue chip shares for a passive income boost

Analysts think these blue chips could be great options for investors searching for passive income.

Read more »

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

3 excellent ASX 200 blue chip shares to buy in 2025

Analysts have good things to say about these blue chips.

Read more »

A fit man flexes his muscles, indicating a positive share price movement on the ASX market
Blue Chip Shares

3 strong ASX 200 blue chip stocks to buy with $2,000 in December

These blue chips have been given the thumbs up from analysts.

Read more »

A share market analyst looks at his computer screen in front of him showing ASX share price movements
Blue Chip Shares

Analysts name 3 strong blue chip ASX 200 shares to buy in December

Let's see which blue chips are bring tipped as buys by analysts right now.

Read more »

three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.
Blue Chip Shares

Buy these 3 high-quality ASX 200 blue chip shares in December

Analysts think these high-quality shares are buys right now. Let's see what they are saying.

Read more »

Two people comparing and analysing material.
Blue Chip Shares

Are Woodside or CBA shares a better buy?

Here’s how I’d compare these two major ASX blue chips.

Read more »