3 excellent ASX 200 blue chip shares to buy in 2022

These ASX 200 shares have been tipped as buys…

| More on:
A female ASX investor looks through a magnifying glass that enlarges her eye and holds her hand to her face with her mouth open as if looking at something of great interest or surprise.

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 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 in the buy zone for 2022? Here are three to consider:

Qantas Airways Limited (ASX: QAN)

Times may be hard for the airline operator because of COVID-19, but a number of brokers remain very positive on the investment opportunity here. This is due largely to the belief that Qantas will come out the other side of the pandemic in an even stronger position. One of those is the team at UBS. It is very positive on the company and recently put a buy rating and $6.20 price target on its shares. This compares to the latest Qantas share price of $4.94.

Telstra Corporation Ltd (ASX: TLS)

Another blue chip ASX 200 share to consider is Telstra. After a lengthy period of underperformance caused by the NBN rollout, the telco giant is now expecting to return to growth again in the coming years. In fact, Telstra's new T25 strategy is targeting mid-single digit underlying EBITDA and high-teens underlying earnings per share (EPS) compound annual growth rates (CAGR) from FY 2021 to FY 2025. This has many analysts believing that Telstra will soon be able to increase its dividend for the first time in almost a decade. Goldman Sachs has a buy rating and $4.40 price target on its shares. This compares to the current Telstra share price of $4.15.

Westpac Banking Corp (ASX: WBC)

A final blue chip ASX 200 share that could be in the buy zone is Westpac. Its shares have recently been sold off amid concerns over its margin outlook due largely to aggressive competition for home loans. While its outlook is undoubtedly softer than hoped, the team at Morgans believe the selloff has been an overreaction. In light of this, the broker feels its shares offer compelling value for investors at present. Morgans has an add rating and $29.50 price target on the company's shares. The Westpac share price last traded at $21.20.

Motley Fool contributor James Mickleboro owns Westpac Banking Corporation. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Westpac Banking Corporation. 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 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 »

A group of young people lined up on a wall are happy looking at their laptops and devices as they invest in the latest trendy stock.
Blue Chip Shares

Why these ASX 200 blue chip shares could generate big returns

Brokers think these shares are could be dirt cheap at current levels.

Read more »

Man sits smiling at a computer showing graphs
Blue Chip Shares

3 ASX shares Australians can buy and hold for the next decade

Analysts think these high quality stocks could be in the buy zone right now.

Read more »