Buy these ASX 200 shares for your retirement portfolio

Analysts think these high-quality stocks could be great options for retirees.

| More on:
A middle-aged couple dance in the street to celebrate their ASX share gains

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 building a retirement portfolio, you will no doubt be looking for high-quality picks that have strong and sustainable business models.

Well, the good news is that there are plenty of ASX 200 shares on the Australian market that tick these boxes and could be great options.

But which ASX 200 shares are analysts tipping as buys? Let's take a look at three:

CSL Ltd (ASX: CSL)

The first ASX 200 share to consider for a retirement portfolio is CSL. It is a biotechnology giant with world-class operations spanning plasma therapies, vaccines, and kidney disease treatments.

The team at Macquarie thinks that CSL would be a great long term options. Particularly given its belief that CSL is well-positioned to deliver double-digit earnings growth over the coming years.

It is for this reason that the broker currently has an outperform rating and $330.00 price target on its shares. The broekr also sees scope for the company's shares to rise to $500 within the next three years.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 share that could be a great option for retirees is Telstra. It has a lot of qualities that you would want for a retirement portfolio. This includes defensive earnings, a positive growth outlook, and a favourable payout ratio.

Goldman Sachs is a big fan of the telco giant. It highlights that it likes Telstra due to the "low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business."

The broker expects this to underpin fully franked dividends of 19 cents per share in FY 2025 and then 20 cents per share in FY 2026. Based on the current Telstra share price of $3.87, this equates to yields of 4.9% and 5.2%, respectively.

Goldman has a buy rating and $4.35 price target on Telstra's shares.

Transurban Group (ASX: TCL)

A final ASX 200 share that could be a top option for a retirement portfolio is Transurban. It is a toll road operator with a portfolio of important roads across Australia and North America.

The team at UBS is tipping Transurban's shares as a buy. It likes the company due to its positive outlook and belief that its margins are improving. In addition, the broker has previously highlighted that the West Gate Tunnel project is on track to complete next year and should give its earnings and dividend a lift.

Speaking of which, the broker is forecasting dividends per share of 65 cents in FY 2025 and then 69 cents in FY 2026. Based on the current Transurban share price of $13.14, this will mean yields of 4.9% and 5.25%, respectively.

UBS currently has a buy rating and $14.60 price target on the company's shares.

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 and Telstra 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 woman wearing a bright multi-coloured dress, blue sunglasses and hat stands on a beach laughing with her arms outstretched enjoying herself
Retirement

3 ASX retirement shares to buy with $10,000

Analysts think these shares could be worth considering for a retirement portfolio.

Read more »

Smiling elderly couple looking at their superannuation account, symbolising retirement.
Retirement

These 3 ASX dividend shares are perfect for retirees

Retirees have different investing needs to other investors.

Read more »

A happy elderly man wearing a red cape smiles as he jumps up like a hero from a massage table.
Superannuation

Is my superannuation on track?

Here's how much superannuation you should have at your age right now to fund a comfortable retirement later.

Read more »

Happy couple enjoying ice cream in retirement.
Retirement

2 of the best ASX shares to buy for a retirement portfolio

These buy-rated shares could be top picks for a retirement portfolio. Let's see why analysts are bullish on them.

Read more »

A young well-dressed couple at a luxury resort celebrate successful life choices.
Retirement

I would invest $500 a month into ASX shares to retire rich

These are the steps I would take to try and retire with more money than I could need.

Read more »

Retired couple hugging and laughing.
Retirement

Retirement: Can you afford to stop working?

This report finds that retirement isn't optional for some Australians.

Read more »

Smiling elderly couple looking at their superannuation account, symbolising retirement.
Retirement

How to build a winning retirement portfolio with ASX shares

Analysts see these shares as great options for retirees in 2025.

Read more »

Happy couple enjoying ice cream in retirement.
Retirement

2 of the best ASX 200 blue chip shares to buy for a retirement portfolio

Analysts at Bell Potter rate these shares very highly. Here's why they could be top options for retirees.

Read more »