Are you looking for some ASX 200 shares to add to your retirement portfolio?
If you are, then the ASX 200 shares listed below could be top options in the current environment. Here's what you need to know about them:
CSL Limited (ASX: CSL)
The first ASX 200 share to consider buying for a retirement portfolio is CSL. It is one of the world's leading biotherapeutics companies with a collection of industry-leading therapies. This includes therapies such as Privigen, Hizentra, Idelvion, and Afstyla.
Goldman Sachs believes that a buying opportunity has arrived following recent weakness. Particularly given its belief that CSL is about to enter a very prosperous period. It explains:
CSL is now entering a period of more capital-efficient growth, driving a sharp improvement in our ROIC forecast (+460bps by FY27E). This positive inflection also coincides with a period of historically-high earnings growth (+14% CAGR FY23-27E), which serves to amplify those incremental returns to shareholders.
Goldman has a buy rating and a $309 price target on the company's shares.
Transurban Group (ASX: TCL)
Another ASX share that could be a good option for a retirement portfolio is this leading toll road operator.
Transurban owns a portfolio of roads in Australia and North America, as well as a significant project pipeline that looks set to support its long-term growth.
As these roads are always in need, particularly given population growth and urbanisation, the company has defensive qualities that could make it attractive for retirees. Especially given its positive exposure to inflation.
Citi believes its shares are in the buy zone. The broker currently has a buy rating and a $15.90 price target on them. Its analysts are also forecasting dividend yields of ~5% through to FY 2026.