3 of the highest quality ASX shares to buy for a retirement portfolio

Analysts think these shares could be in the buy zone this month.

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If you are searching for retirement portfolio options this month, then you may want to look at the quality ASX shares listed below.

Here's why these shares could be top options for retirees:

CSL Limited (ASX: CSL)

When you're building a retirement portfolio, it is always a good idea to focus on quality. And there are few higher quality businesses out there than CSL.

It is one of the world's leading biotechnology companies. Its three businesses, CSL Behring, CSL Seqirus and CSL Vifor, provide lifesaving products to patients in more than 100 countries.

In addition, the company reinvests in the region of 12% of its sales back into research and development (R&D) activities each year. This means that it has an R&D pipeline filled to the brim with some potentially lucrative and life-saving therapies and vaccines.

Macquarie currently has an outperform rating and $330.00 price target on its shares.

Transurban Group (ASX: TCL)

Another ASX share that could be a top option for a retirement portfolio is Transurban.

It is the toll road company behind the Linkt, Expresslane, A25 Smart Link platforms, and roads including CityLink, Cross City Tunnel, AirportlinkM7, and 95 Express Lanes.

Its network provides invaluable time savings to commuters. And with population growth putting more cars on the roads, its network is arguably going to become even more important in the future. Combined with inflation-linked price increases, this bodes well for its long term growth.

The team at Citi sees a lot of value in its shares at current levels and is forecasting above-average dividend yields (4.9%+) in the coming years.

It has a buy rating and $15.50 price target on them.

Woolworths Limited (ASX: WOW)

Another ASX share that could be a buy for a retirement portfolio in June is Woolworths. It is the retail giant behind the Woolworths supermarket chain, Countdown supermarkets in New Zealand, and Big W.

It could be a good option due to its high quality business, market leadership, and defensive qualities. It also offers positive exposure to inflation, which could make it a top pick in the current environment.

Analysts at Goldman Sachs are very positive about Woolworths. So much so, the broker has it on its conviction list. It likes the supermarket giant due to its digital and omni-channel advantage, which it expects to drive further market share and margin gains.

The broker has a buy rating and $39.40 price target on its shares.

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.

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