9 ASX 200 shares tumbling to 52-week lows today

Israel's strike on Iran on Friday dragged several ASX 200 shares to new depths.

Piggy bank sinking in water symbolising a record low share price.

Image source: Getty Images

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S&P/ASX 200 (ASX: XJO) shares are taking a beating in afternoon trading on Friday.

The benchmark index hit a two-month low of 7,492.6 points after news broke of Israel's strike on Iran.

Several ASX 200 stocks, including some blue chips, have been dragged to 52-week lows today.

Could this be a buy-the-dip opportunity?

Let's take a look.

ASX 200 shares hitting new 52-week lows on Friday

Telstra Group Ltd (ASX: TLS)

The Telstra share price struck a new 52-week low of $3.62 today.

The ASX telco share is down 14.4% over the past 12 months.

Goldman Sachs has a buy rating on Telstra shares with a 12-month price target of $4.55.

TPG Telecom Ltd (ASX: TPG)

Fellow ASX 200 telco share TPG Telecom also dropped to a new annual low of $4.17 today.

The stock is down 21% over the past year.

Woolworths Group Ltd (ASX: WOW)

The Woolworths share price fell to a new annual trough of $31.36 on Friday.

The ASX 200 consumer staple share is down 17.9% over the past 12 months.

Goldman Sachs has a buy rating on Woolworths with a share price target of $40.40.

Core Lithium Ltd (ASX: CXO)

Core Lithium shares spiralled to a 52-week low of 14 cents.

The ASX 200 lithium share is down 85.6% over the past year.

Goldman Sachs has a sell rating on Core Lithium and a 12-month share price target of 12 cents.

Arcadium Lithium CDI (ASX: LTM)

Fellow ASX 200 lithium stock Arcadium is also tumbling today.

It hit a new 52-week low of $5.76 and has taken a 42.2% hit over the past year.

Bell Potter has a buy rating on Arcadium Lithium shares and a $10.40 price target.

Spark New Zealand Ltd (ASX: SPK)

The Spark share price tanked to a new annual low of $4.25 today.

The ASX 200 communications share is down 9.5% over the past 12 months.

Lendlease Group (ASX: LLC)

The Lendlease share price hit $6.01 on Friday, creating a new annual trough.

The ASX 200 property share is down 21.5% over the past year.

Nine Entertainment Co Holdings Ltd (ASX: NEC)

The Nine Entertainment share price dropped to a new 52-week low of $1.49.

The stock is down 28.4% over the past year.

Corporate Travel Management Ltd (ASX: CTD)

The Corporate Travel Management share price fell to $14.97 today.

The ASX 200 travel share has declined 28% over the past year.

Morgans has an add rating and a $20.65 price target on the travel stock.

Motley Fool contributor Bronwyn Allen has positions in Core Lithium. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management and Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Corporate Travel Management and Telstra Group. The Motley Fool Australia has recommended Nine Entertainment. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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