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:
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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.
