3 high quality blue chip ASX 200 shares to buy in November

Have you got room for a blue chip ASX 200 share or three in your portfolio?

If you have, then take a look at the blockbuster blue chips listed below. Analysts are feeling very bullish about them and believe they could be great additions to a balanced investment portfolio right now.

Here's why these quality stocks are highly rated by analysts in November:

Coles Group Ltd (ASX: COL)

The first blue chip ASX 200 share that could be a buy for Aussie investors this month is supermarket giant Coles.

That's the view of analysts at Bell Potter, which believe that the company's outlook is positive due to moderating costs, higher immigrations, and the modernisation of its supply chain.

The broker also highlights that the company "is entering a period of elevated capex intensity as it reinvests to modernise its supply chain and to catch up to competitors on online and digital offerings, which should help Coles maintain its market position."

It is for this reason that Bell Potter put a buy rating and $20.50 price target on Coles' shares earlier this month.

Goodman Group (ASX: GMG)

A second 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 data centres, ecommerce, and logistics. This has helped drive strong earnings growth for many years.

The good news is that 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 Morgan Stanley.

In light of this positive outlook, the broker recently put an overweight rating and $42.40 price target on the company's shares.

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.

REA has been growing at a solid rate for over a decade and appears well-placed to continue this trend for the foreseeable future. This is thanks to new revenue streams, strong pricing power, its international operations, and acquisitions.

UBS remains very positive on the company and recently put a buy rating and $268.00 price target on its shares.

The post 3 high quality blue chip ASX 200 shares to buy in November appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group and REA Group. The Motley Fool Australia has positions in and has recommended Coles Group. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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