5 ASX 200 blue-chip shares trading at multi-year lows after market sell-off

Time to buy? Check out the broker ratings on these ASX 200 shares which are all trading at multi-year lows.

| More on:
A woman sits on sofa pondering a question.

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

S&P/ASX 200 Index (ASX: XJO) shares appear to be having a better week this week.

The ASX 200 is currently 0.16% higher at 7,866.9 points on Tuesday.

Yesterday, the benchmark index closed up 1.02%.

Prior to this, four consecutive weeks of market falls left the ASX 200 teetering on the edge of an official market correction.

A market correction is defined as a 10% fall from the most recent peak.

The ASX 200 hit a seven-month low during the sell-off, and several ASX 200 blue-chip shares got swept up in the tailspin.

And therein lies a potential opportunity.

How can you take advantage of the market sell-off?

One potential option may be buying the dip on ASX 200 blue-chip shares for long-term investment.

But which ones?

In this article, we profile 5 ASX 200 blue-chip shares trading at multi-year lows and whether brokers recommend we buy them.

It's important to note that there are other contributing factors, besides the global sell-down over tariffs, that have led to these stocks trading at multi-year lows.

But it's fair to say the global market sell-off has added downward pressure to their share prices, as we document for each one below.

5 blue-chip ASX 200 shares trading around multi-year lows today

CSL Ltd (ASX: CSL)

The share market's largest ASX 200 healthcare share hit a 16-month low of $246.50 last week.

During the market sell-off, between 14 February and 13 March, the CSL share price fell 3.3%.

CSL shares are currently $249.87, up 0.8% for the day and down 10.5% over the past 12 months.

Bell Potter has a buy rating and a 12-month share price target of $335 on the ASX 200 biotech share.

The consensus rating among 18 analysts on CommSec is a strong buy.

Woodside Energy Group Ltd (ASX: WDS)

The largest ASX 200 energy share hit a three-year low of $22.20 last week.

During the market sell-off, the Woodside share price fell 7.5%.

Woodside shares are currently $22.89, up 0.35% for the day and down 22.5% over the past 12 months.

Goldman Sachs has a neutral rating on Woodside with a 12-month share price target of $24.50.

The consensus rating among 15 analysts on CommSec is a moderate buy.

BHP Group Ltd (ASX: BHP)

The largest ASX 200 mining share hit a two-year low of $38.24 last week.

During the market sell-off, the BHP share price fell 6.6%.

BHP shares are currently $39.53, down 0.13% for the day and down 6.8% over the past 12 months.

Goldman Sachs has a buy rating on BHP with a 12-month share price target of $47.40.

The consensus rating among 10 analysts on CommSec is a moderate buy.

Woolworths Group Ltd (ASX: WOW)

The largest ASX 200 consumer staples share hit a near six-year low of $27.60 last week.

During the market sell-off, the Woolworths share price fell 9.3%.

Woolworths shares are currently $28.06, up 1.1% for the day and down 13.7% over the past 12 months.

Ord Minnett has a buy rating on Woolworths with a 12-month share price target of $36.

The consensus rating among 18 analysts on CommSec is a hold.

Fortescue Ltd (ASX: FMG)

The second-largest ASX 200 mining share and iron ore pure-play hit a two-year low of $15.33 last week.

During the market sell-off, the Fortescue share price fell 18.8%.

Fortescue shares are currently $16.59, down 2.1% for the day and down 30% over the past 12 months.

Goldman Sachs has a sell rating on Fortescue with a 12-month share price target of $16.20.

The consensus rating among 18 analysts on CommSec is a hold.

Motley Fool contributor Bronwyn Allen has positions in BHP Group, CSL, and Woodside Energy Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Goldman Sachs Group. The Motley Fool Australia has recommended BHP Group and CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Blue Chip Shares

Red buy button on an apple keyboard with a finger on it representing asx tech shares to buy today
Blue Chip Shares

3 ASX blue-chip shares I'd buy with $10,000 right now

These stocks are among Australia’s biggest businesses and have a good outlook.

Read more »

Happy work colleagues give each other a fist pump.
Blue Chip Shares

Where to invest $5,000 in ASX 200 shares to try and beat the market

Let's see what makes these shares potential market-beaters.

Read more »

Happy man on a supermarket trolley full of groceries with a woman standing beside him.
Blue Chip Shares

Are Woolworths shares a blue-chip buy?

Would I buy this supermarket giant's shares? Here's my verdict.

Read more »

A shocked man holding some documents in the living room.
Blue Chip Shares

Why is everyone talking about the Wesfarmers share price this week?

The retail giant is in the spotlight this week.

Read more »

A female ASX investor looks through a magnifying glass that enlarges her eye and holds her hand to her face with her mouth open as if looking at something of great interest or surprise.
Blue Chip Shares

3 ASX shares I would hold for the next 10 years

There's a reason why I would hold these shares for the long term.

Read more »

A group of businesspeople clapping.
Blue Chip Shares

3 ASX 200 shares for smart investors to buy and hold

Not sure where to invest? Here are three smart picks for January.

Read more »

A woman looks at a tablet device while in the aisles of a hardware style store amid stacked boxes on shelves representing Bunnings and the Wesfarmers share price
Blue Chip Shares

Wesfarmers vs Coles: Which ASX share is the best buy?

Coles offers simplicity. Wesfarmers offers diversification, capital discipline, and long-term optionality.

Read more »

Three rock climbers hang precariously off a steep cliff face, each connected to the other with the higher person holding on and the two below them connected by their arms and rope but not making contact with the cliff face.
Blue Chip Shares

3 reasons some brokers think it's time to sell CBA shares

Brokers see more losses ahead for the banking giant.

Read more »