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.

| More on:
Happy couple enjoying ice cream in retirement.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

More on Retirement

A couple sit on the deck of a yacht with a beautiful mountain and lake backdrop enjoying the fruits of their long-term ASX shares and dividend income.

3 steps to take for a rich retirement with ASX shares

Following these steps could help you have a golden retirement.

Read more »

Woman holding $50 notes with a delighted face.

How many Australians receive dividend income in retirement?

A new report provides insights on the most common sources of income for Australia's 4.2 million retirees.

Read more »

A middle-aged couple dance in the street to celebrate their ASX share gains

How much money do you need to retire?

Planning for retirement? Here are key considerations and effective strategies to help you prepare.

Read more »

A elder man and woman lean over their balcony with a cuppa, indicating share rpice movement for ASX retirement shares

2 cheap ASX property shares I'd buy in retirement

We can build good returns with these stocks, in my opinion.

Read more »

Side view of a happy senior woman smiling while drawing as a recreational activity or therapy outdoors together with the group of retired women.

What age is too young to retire in Australia?

Even if you can retire early, should you?

Read more »

A mature-aged couple high-five each other as they celebrate a financial win and early retirement

Top ASX shares to buy in June and hold for retirement

Looking forward to your retirement?

Read more »

A mature age woman with a groovy short haircut and glasses, sits at her computer, pen in hand thinking about information she is seeing on the screen.

3 lower-risk ASX dividend shares for retirees

I think these stocks are contenders for resilient passive income.

Read more »

Loving senior couple at the swimming pool. Senior woman sitting on the edge of the pool and giving lemonade to her husband who is swimming.

What an extra $10,000 of superannuation in 2024 could be worth in retirement

You might be surprised how much difference an extra $10,000 in superannuation could make when it comes time to retire.

Read more »