Here are 3 high-quality blue chip ASX 200 shares to build your portfolio around

When you’re constructing an investment portfolio, having a few blue chips in there could be provide you with a firm foundation to build from.

Blue chip shares are often considered lower risk options because they are typically large companies that have been operating for many years and have stable cash flows and experienced management teams.

But which blue chip ASX 200 shares could be buys in June? Here are three to consider:

Qantas Airways Limited (ASX: QAN)

The first blue chip ASX 200 share that has been named as a buy is Qantas. It is the flag carrier airline of Australia and the operator of the Qantas and Jetstar brands, as well as lucrative loyalty and freight businesses.

Morgans is very positive on the company and currently has an add rating and $8.50 price target on its shares. Given its cost cutting and favourable outlook, analysts at Morgans “continue to view the discount being applied to QAN vs pre-COVID multiples as unwarranted.”

Treasury Wine Estates Ltd (ASX: TWE)

Another blue chip ASX 200 share that has been named as a buy is Treasury Wine. It is one of the world’s largest wine companies with a collection of popular brands such as Penfolds.

Goldman Sachs is a fan of the company and sees a lot of value in its shares at current levels. It believes the market is overlooking the potential reopening of China. Not that it needs it to deliver solid earnings growth in the coming years. The broker highlights that “TWE is now re-entering a growth phase with a 12% EPS CAGR and PEG of <2x which is attractive vs the rest of our consumer coverage.”

Goldman has a buy rating and $14.20 price target on Treasury Wine’s shares.

Woolworths Limited (ASX: WOW)

A final ASX 200 blue chip share that has been named as a buy is Woolworths. It is the retail giant behind the Woolworths supermarket chain and other brands such as Countdown and Big W.

As well as having defensive qualities, which are very attractive in the current environment, the company has been tipped to win market share in the coming years by analysts at Goldman Sachs.

The broker highlights that “the business has among the highest consumer stickiness and loyalty among peers, and hence has strong ability to drive market share gains via its omni-channel advantage.”

Goldman has a buy rating and $42.80 price target on the company’s shares.