12 ASX 200 shares that smashed multi-year highs today

These shares hit new price peaks amid a strong day for the ASX 200.

Sport trainer talking to little girl who is climbing wooden ladder in gym.

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 closed 1.23% higher on Tuesday at 8,770.4 points.

Every market sector finished in the green today.

Retail shares led the session, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) rising 1.81%.

A slew of ASX 200 shares reached multi-year high prices today.

Here are some examples with current broker ratings.

Which ASX 200 shares hit a new high?

Wesfarmers Ltd (ASX: WES)

The market's biggest consumer discretionary share lifted to an all-time high of $87.75.

Macquarie has a neutral rating on Wesfarmers shares and a 12-month price target of $82.

Telstra Group Ltd (ASX: TLS)

Telstra shares rose to an 8-year high of $4.99 today.

Macquarie currently has an outperform rating and a $5.19 price target on this telecommunications share.

JB Hi-Fi Ltd (ASX: JBH)

This ASX 200 retail share rose to a record $116.90 on Tuesday.

Bell Potter has a buy rating on JB Hi-Fi with a price target of $114.

Lynas Rare Earths Ltd (ASX: LYC)

Lynas shares peaked at $12.05 per share in earlier trading.

That was a 3-year high for the ASX 200 rare earths share.

Macquarie has an underperform rating with a price target of $9 for Lynas Rare Earths shares.

Newmont Corporation (ASX: NEM)

This ASX 200 gold stock rose to a 3-year high of $66.57 today.

Blackwattle Investment Partners says Newmont shares offer 'material upside'.

Orica Ltd (ASX: ORI)

The Orica share price hit a 5-year high of $21.58 on Tuesday.

UBS has a buy rating on the explosives manufacturer with a 12-month share price target of $32. 

HUB24 Ltd (ASX: HUB)

This ASX 200 financial stock lifted to a record $108.67 today.

Bell Potter has a buy rating on Hub24 with a 12-month price target of $115.

Harvey Norman Holdings Ltd (ASX: HVN)

The Harvey Norman share price lifted to a 4-year high of $5.92 today.

There are tailwinds for this ASX 200 consumer discretionary share given the 'retail sales surge' in June.

Macquarie gives Harvey Norman shares an outperform rating with a newly upgraded price target of $5.90.

Eagers Automotive Ltd (ASX: APE)

The Eagers Automotive share price hit a record $20.18 during the session.

Macquarie also has an outperform rating on this ASX retail share with a price target of $20.60.

Nib Holdings Ltd (ASX: NHF)

The Nib share price hit a 52-week high of $7.54 today.

Macquarie has an underperform rating on this ASX 200 healthcare share and a target price of $5.60. 

Temple & Webster Group Ltd (ASX: TPW)

Temple & Webster shares rose to a record $25.15.

Morgan Stanley gives this retail share an overweight rating and $28 price target.

Megaport Ltd (ASX: MP1)

Megaport shares reached an 18-month high of $15.55 during the session.

Morgans has an accumulate rating and $15.50 price target on the ASX 200 tech share.

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24, Macquarie Group, Megaport, Temple & Webster Group, and Wesfarmers. The Motley Fool Australia has positions in and has recommended Eagers Automotive Ltd, Harvey Norman, Macquarie Group, NIB Holdings, and Telstra Group. The Motley Fool Australia has recommended Hub24, Jb Hi-Fi, Temple & Webster Group, and Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on 52-Week Highs

Three satisfied miners with their arms crossed looking at the camera proudly
Resources Shares

Major ASX 200 mining shares hit 52-week highs

BHP, Fortescue, and Rio Tinto shares set new 52-week highs today.

Read more »

Concept image of a businessman riding a bull on an upwards arrow.
52-Week Highs

2 ASX 200 mining stocks smashing new 52-week highs on Thursday

Investors just sent these two ASX 200 mining stocks rocketing to one-year-plus highs. But why?

Read more »

A female sharemarket analyst with red hair and wearing glasses looks at her computer screen watching share price movements.
Materials Shares

ASX lithium shares outperform as ASX 200 tumbles to four-month low

Several ASX lithium shares have hit new 52-week highs amid the broader market tumbling to a four-month low.

Read more »

Concept image of a businessman riding a bull on an upwards arrow.
Materials Shares

6 ASX lithium shares streak to new 52-week highs

Six ASX lithium shares including Pilbara Minerals have reset their 52-week highs due to rising commodity values.

Read more »

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price
52-Week Highs

Why are Core Lithium shares soaring 27% to a 52-week high today?

Core Lithium shares have new momentum due to higher lithium prices and an update released this week.

Read more »

A young man wearing a black and white striped t-shirt looks surprised.
Materials Shares

IGO share price rips 16% and leads the market today

IGO shares hit a new 52-week high today, as did Pilbara Minerals, Liontown Resources, and Core Lithium.

Read more »

Hands reaching high for a trophy with a sunset in the background.
52-Week Highs

4 ASX 200 stocks rocking new 52-week-plus highs on Thursday

These four ASX 200 stocks just smashed new one-year-plus highs. Here’s why.

Read more »

A beautiful ocean vista is shown with a woman whose back is to the camera holding her arms up in triumph as she stands at the top of a rock feeling thrilled that ASX 200 shares are reaching multi-year high prices today
52-Week Highs

5 ASX 200 stocks smashing 52-week-plus highs on Tuesday

Investors just sent these five ASX 200 stocks soaring to multi-year highs. But why?

Read more »