Are you hunting big returns for your investment portfolio?
If you are, then you may want to check out the ASX 200 shares listed below that have been tipped to rise 20% to 40% over the next 12 months.
Here's what you need to know about them:
Coronado Global Resources Inc (ASX: CRN)
The first ASX 200 share that has been tipped to generate big returns is coal miner Coronado Global.
A note out of Bell Potter last week reveals that its analysts have retained their buy rating with a $1.85 price target. This implies potential upside of 37% for investors from current levels.
In addition, a ~10% dividend yield is expected in 2025, boosting the potential return further.
Commenting on its recommendation, the broker said: "CRN's production and cost profile has reached a turning point, following substantial self-funded investment across its Australian and US operations over the past two years. The company should generate improved free cash flow and shareholder returns going forward. Our Buy recommendation is underpinned by a supply constrained met coal environment, supporting long term prices."
Super Retail Group Ltd (ASX: SUL)
Another ASX 200 share that could be cheap is Super Retail. It owns the BCF, Macpac, Rebel, and Supercheap Auto brands.
Last week, Goldman Sachs put a buy rating and $17.80 price target on the retailer's shares. This suggests that upside of almost 20% is possible for investors over the next 12 months.
The broker commented: "We believe SUL will display resilience in a softer economic environment that is built upon its competitive advantage of high loyalty (~11.0m active members accounting for >75% of sales) and this will be further bolstered as the company launches the Rebel loyalty program and continues to build personalisation capabilities. Hence, we are Buy-rated on SUL. SUL is trading below its long run PE valuation average."
Treasury Wine Estates Ltd (ASX: TWE)
Goldman Sachs believes that this wine giant's shares can rise strongly from where they currently trade.
According to a note from last week, the broker has retained its buy rating and $14.70 price target on the ASX 200 share. Based on its current share price of $11.88, this implies potential upside of 24% for investors over the next 12 months.
In addition, the broker is forecasting a dividend yield of ~3% over the period, stretching the total potential return to approximately 27%.
Goldman notes that its "buy rating on TWE is premised on accelerating double-digit EPS growth in FY24-27e."
