Have you got room for a blue chip ASX 200 share or two in your portfolio? If you have, then take a look at the blockbuster blue chips listed below.
Here's why they are highly rated:
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Goodman Group (ASX: GMG)
The first blue chip ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company.
Over the last decade, Goodman has built a world class portfolio of in-demand properties that have exposure to key growth markets such as ecommerce and logistics. This has helped drive strong earnings growth for many years.
And with the company still possessing a material development pipeline and strong demand continuing, Goodman has been tipped to continue its solid growth in the coming years by the team at Goldman Sachs.
In light of this, the broker has put a buy rating and $25.40 price target on the company's shares. This compares to the latest Goodman share price of $16.46.
REA Group Limited (ASX: REA)
Another ASX 200 blue chip share that has been tipped as a buy is REA Group. It is the dominant player in real estate listings in the Australian market with its realestate.com.au website.
While rising interest rates are likely to put pressure on listing volumes in the near term, REA still appears well-placed for growth in the coming years. This is thanks to new revenue streams, cost cutting, strong pricing power, its international operations, and acquisitions. The latter saw REA grow its presence in mortgage broking through the acquisition of Mortgage Choice last year.
Morgans is very positive on the company and has an add rating and $143.00 price target on its shares. This compares to the latest REA share price of $124.80.
