Are you on the hunt for some ASX 200 shares to add to your retirement portfolio?
If you are, then the three ASX 200 shares listed below could be top options right now. Here’s what analysts are saying about them:
CSL Limited (ASX: CSL)
CSL could be a great option for a retirement portfolio. The ASX 200 biotech share is arguably one of Australia’s highest quality companies.
This is thanks to its collection of industry-leading therapies, which includes Privigen, Hizentra, Idelvion, and Afstyla. In addition, the company invests around US$1 billion (and growing) into its research and development activities each year. This ensures that CSL has a pipeline filled to the brim with potentially lucrative and life-saving drug candidates.
Macquarie is a big fan of CSL and has an outperform rating and $330.00 price target on its shares. It also sees scope for its shares to rise beyond $500 in the next three years.
Transurban Group (ASX: TCL)
Another ASX 200 share that could be worth considering for a retirement portfolio is Transurban.
It owns a portfolio of roads in Australia and North America, as well as a significant project pipeline.
As these roads are always in demand with drivers, particularly given population growth and urbanisation, Transurban has defensive qualities that could make it attractive for retirees.
The team at Citi sees a lot of value in Transurban’s shares at current levels. It has a buy rating and $15.50 price target on them.
Another positive is that the broker expects some attractive dividend yields from its shares in the near term. It is forecasting yields of 5% in FY 2024 and 5.1% in FY 2025.
Woolworths Limited (ASX: WOW)
A final ASX 200 share that could be a good option for a retirement portfolio is Woolworths. It is Australia’s largest supermarket chain, as well as the owner of Big W and a growing pet care business.
Woolworths could be a good option for a retirement portfolio due to its defensive qualities, strong market position, and positive growth outlook. Goldman Sachs notes that the latter is being underpinned by its omni-channel advantage and sticky loyalty program.
It is for this reason that the broker is tipping Woolworths as a buy with a $39.40 price target on its shares.
In addition, Goldman is expecting attractive dividend yields from its shares in the coming years. It is forecasting yields of 3.4%, 3.6%, and 3.9%, respectively, over the next three financial years.
The post 3 of the best ASX 200 shares to buy for your retirement portfolio appeared first on The Motley Fool Australia.
Should you invest $1,000 in CSL right now?
Before you buy CSL shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and CSL wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
See The 5 Stocks
*Returns as of 5 May 2024
More reading
- Buy these ASX dividend stocks for passive income
- Can CSL shares deliver market-beating returns for investors?
- Dividend deals: 2 top ASX shares that still look undervalued
- Don’t get clever, just buy stability: 2 defensive ASX shares to buy now
- Here are the top 10 ASX 200 shares today
Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Goldman Sachs Group, Macquarie Group, and Transurban Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Leave a Reply