Are these the very best ASX 200 shares to buy for 2023?

hands holding up winner's trophy

hands holding up winner's trophy

With a new year on the horizon, now could be a great time to look at your portfolio and consider some additions for 2023.

But which ASX 200 shares could be good options for investors?

Listed below are three ASX 200 shares that brokers rate very highly. Here’s what they are saying about them:

CSL Limited (ASX: CSL)

Bell Potter has this biotherapeutics giant’s shares on its champion stocks list. The broker likes the company due to the positive outlook for plasma volumes, its burgeoning research and development pipeline, and the recent acquisition of Vifor Pharma. It commented:

A leading global company in the development, manufacture, and distribution of plasma therapies as well as non-plasma biotherapeutic products and influenza related products. The recently completed acquisition of Vifor Pharma will add global leadership in pharmaceutical products for renal disease and iron deficiency. The global growth in plasma volumes is expected to be around a solid 8% per annum for the foreseeable future and, in addition, the group is planning to launch new products from its very extensive Research and Development portfolio

Treasury Wine Estates Ltd (ASX: TWE)

Another ASX 200 share that is highly rated is this wine giant. Analysts at Morgans have the company on its best ideas with an add rating and $15.71 price target. The broker believes Treasury Wine is well-placed for strong growth over the coming years. Morgans said:

TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The foundations are now in place for TWE to deliver strong earnings growth from the 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.

Woolworths Group Ltd (ASX: WOW)

A final ASX 200 share that could be a top option for investors in 2023 is Woolworths. The team at Goldman Sachs has the retail giant on its coveted conviction list with a buy rating and $41.70 price target. The broker likes Woolworths due to its belief that it is the “superior operator” in the supermarket industry and well-positioned to deliver solid growth in the coming years. It explained:

Despite a noisy and softer 1Q23, we remain confident that WOW is the superior operator within AU supermarkets with a clear growth pathway to deliver ~3% sales and ~9% NPAT FY22-25e CAGR. WOW is trading at 22.1x FY24E P/E vs our TP implied 27.8x and historical average of 23.2x, providing a value entry point to a quality player in our view. Reiterate Buy (on CL).

The post Are these the very best ASX 200 shares to buy for 2023? appeared first on The Motley Fool Australia.

FREE Investing Guide for Beginners

Despite what some people may say – we believe investing in shares doesn’t have to be overwhelming or complicated…

For over a decade, we’ve been helping everyday Aussies get started on their journey.

And to help even more people cut through some of the confusion “experts” seem to want to perpetuate – we’ve created a brand-new “how to” guide.

Yes, Claim my FREE copy!
*Returns as of November 7 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

Motley Fool contributor James Mickleboro has positions in CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/kKZW1m7

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *