When you're attempting to build a strong portfolio, having a few 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:
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Brambles Limited (ASX: BXB)
Brambles could be an ASX 200 blue chip share to buy next month.
That's the view of analysts at UBS, which believe the supply chain solutions company could be good value at current levels.
Its analysts were pleased with the company's performance during the first half and appear confident that the second half will also be positive. As a result, UBS believes that a re-rating of its shares could happen in the near future.
The broker currently has a buy rating and $17.30 price target on Brambles' shares.
Challenger Ltd (ASX: CGF)
Over at Goldman Sachs, its analysts think that this annuities company could be a blue chip ASX 200 stock to buy.
Goldman likes "CGF because: 1) it has exposure to the growing superannuation market across Life and Funds Management; 2) higher yields should drive a favorable sales environment for retail annuities as well as an improvement in margins; 3) its annuity book growth looks well supported through a diversified distribution strategy."
The broker currently has a buy rating and $7.50 price target on its shares.
Goodman Group (ASX: GMG)
A third super ASX 200 blue chip share that could be a buy is Goodman Group. It is a leading integrated commercial and industrial property company.
Thanks to the overwhelming success of its strategy of developing high-quality industrial properties in strategic locations, Goodman has been growing at a strong rate for many years.
Analysts at Citi believe this trend will continue, This is thanks to its strategy, 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)
A fourth and final ASX 200 blue chip share that could be a buy is Woolworths.
It is Australia's largest supermarket operator and the owner of Big W and Everyday Rewards.
Goldman Sachs is also tipping its shares as a buy. It believes the company's outlook is very positive thanks to its industry leadership and potential for market share gains. The broker expects the latter to be driven by its loyalty program and omni-channel advantage.
The broker currently has a buy rating and $40.20 price target on its shares.
