Knowing which ASX 200 shares to avoid can be just as important for a portfolio as knowing which ones to buy.
But which shares should you avoid this week? Let's take a look at three that analysts have named as sells, courtesy of The Bull.
Here's what they are feeling bearish on this week:
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James Hardie Industries PLC (ASX: JHX)
The team at Ord Minnett isn't in a rush to buy this beaten down ASX 200 share despite its better than expected quarterly update.
The broker continues to rate it as a sell due to challenging conditions in the US building market. As a result, it thinks investors should be looking for opportunities elsewhere in the share market. It said:
JHX is a building products maker. The share price responded positively when the company recently announced an improving performance for siding and trim sales. Improving preliminary second quarter results announced on October 7 are subject to adjustment and will be officially confirmed in November, along with the company outlook.
Group net sales of $US900 million in the first quarter of fiscal year 2026 were down 9 per cent on last year's prior corresponding period. Net income of $US62.6 million was down 60 per cent. Softer conditions in the US building market were well flagged and remains a challenge. The shares jumped from $30.87 on October 6 to trade at $33.25 on October 9. However, the shares have fallen from $54.50 on January 20.
New Hope Corporation Ltd (ASX: NHC)
Another ASX 200 share that has been named as a sell is New Hope.
Analysts at EnviroInvest are bearish on the coal miner due to the poor outlook for coal demand. And while they see positives from its capital returns, it feels that the risks remain to the downside. They said:
The coal producer reported a strong performance in fiscal year 2025. It delivered increased production and an appealing final fully franked dividend of 15 cents a share. But, in our view, coal faces secular decline pressures and policy risk is intensifying. In our opinion, upside from capital returns and cyclical gains is modest relative to long term structural risks.
Perpetual Ltd (ASX: PPT)
The team at DP Wealth Advisory has named diversified financial services company Perpetual as an ASX 200 share to sell.
It notes that a rise in passive investing is weighing on active fund managers. It also feels there are better options out there in the industry. The broker explains:
This diversified financial services company provides asset management, private wealth and trustee services to Australian and international clients. Active fund managers have been under pressure in the past few years due to the rise in passive investing. PPT reported an underlying profit after tax of $204.1 million in fiscal year 2025, down 1 per cent on the prior corresponding period.
This was partially due to net outflows in the asset management business. A statutory loss after tax of $58.2 million was impacted by non-cash impairments of $134.6 million. The company's shares have fallen $24 on February 20 to trade at $20.04 on October 9. Other financial services companies have delivered stronger performances in a solid performing market.
