If you're building a retirement portfolio, then you will no doubt want some high-quality companies in it with the ability to grow and pay consistent dividends.
But which ASX 200 shares could fit the bill right now?
Two retirement shares that analysts are feeling very positive about are listed below. Here's what they are saying about them:
Treasury Wine Estates Ltd (ASX: TWE)
The first ASX 200 retirement share for investors to look at is Treasury Wine.
It is one of the world's leading wine companies and the owner of popular brands, including Penfolds, Beringer, 19 Crimes, Lindemans, and Wolf Blass.
The company was given a huge boost last week when the Chinese government announced it had removed tariffs on Australian wine. This gives the company a huge growth runway over the next decade for its premium wines.
Morgans is likely to have been pleased with the news, having previously highlighted the China removal of tariffs on Australian wine imports as a "key near-term share price catalyst."
Its analysts have an add rating and a $14.03 price target on the wine giant's shares.
In addition, the broker is expecting the company's shares to provide investors with a growing source of income. It is forecasting fully franked dividends of 36.4 cents per share in FY 2024 and 44.8 cents per share in FY 2025. Based on its current share price of $13.00, this will mean yields of 2.8% and 3.45%, respectively.
Woolworths Limited (ASX: WOW)
Another ASX 200 retirement share for investors to consider buying is Woolworths. It is one of the big two supermarket operators and also owns Big W, Everyday Rewards, PFD, Cartology, and Quantium, to name just a few.
Goldman Sachs is a big fan of the company and believes it is well-positioned for growth over the coming years. This is due to its leadership position in the market and the stickiness and loyalty of its customer base. It recently stated:
We are Buy rated on the stock as we believe 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, as well as pass through any cost inflation to protect its margins, beyond market expectations.
Goldman has a conviction buy rating and a $40.40 price target on Woolworths' shares.
As with Treasury Wine, the broker expects a growing income stream from Woolworths' shares in the coming years. It forecasts fully franked dividends per share of $1.09 in FY 2024 and $1.17 in FY 2025.
Based on the current Woolworths share price of $32.47, this will mean yields of 3.4% and 3.6%, respectively.
