Consensus Recommendations (11 July 2019)

Australian analysts cover approximately 450 ASX listed companies.

Unfortunately, when reviewed individually many analysts and stockbrokers have difficulty beating the market average.

About Consensus Data

Several firms in Australia collate ASX research reports published by stockbrokers and generate a "Consensus Recommendation" for each company. These data feeds are then on-sold to institutional clients for distribution.

There's a couple of disadvantages to these databases:

1. Lack of depth: Smaller-cap companies are often covered by only one analyst.
2. Unknown update times: Analysts often stop coverage on a company without notifying the market. This leads to outdated consensus data.

Market Index tries to counter these pitfalls by:

Publishing broker number: The number of brokers involved in a recommendation is displayed.
• Size Filter: Only the largest 150 companies in our consensus database are listed below. Analysts usually review their recommendation on large companies more often than small-caps.
• Freshness cut-off: Ratings older than 60 days are ignored.

Data Source

Market Index sources data from institutional distributors.

As brokers use several different rating systems, Market Index groups ratings according to a basic 3-tier scale: Buy, Hold and Sell.

Market Index
Broker Rating
"Buy"
Strong Buy, Buy, Accumulate and Outperform.
"Hold"
Hold and Neutral.
"Sell"
Strong Sell, Sell, Reduce and Underperform.

How is the “Consensus” figure derived?

Rating
Score
Strong Buy
2.7+
Buy
2.69 - 2.2
Hold
2.19 - 1.81
Sell
1.80 - 1.50
Strong Sell
1.49 or less

Market Index gives each recommendation a score:
Buy = 3, Hold = 2, Sell = 1
The total is divided by the number of brokers.

Analysts have a bullish bias so cut-off scores aren't evenly spread. The levels are arbitrary and were selected to make skimming the list easier. You can make your own levels using Excel.

How to use the data

Consensus data should only be used to uncover companies that might warrant further investigation. Analysts often look solely at a company's fundamentals while ignoring market sentiment and momentum. Don't base any investment decision on the data.

Code Company Price Buy Hold Sell Consensus
ABC Adelaide Brighton $4.13 2 7 4 Hold
ABP Abacus Property Group FP Ordinary/Units Stapled Securities $4.23 1 2 0 Buy
AGL AGL Energy Limited $20.46 0 9 4 Sell
ALL Aristocrat Leisure $29.66 10 4 1 Buy
ALQ Als Limited $7.58 4 5 1 Hold
ALU Altium Limited $35.28 4 2 0 Buy
ALX Atlas Arteria FP Ordinary Stapled Securities $7.90 2 5 2 Hold
AMP AMP Limited $2.14 1 7 5 Sell
ANN Ansell Limited $27.03 4 7 1 Hold
ANZ ANZ Banking Group Limited $27.53 3 10 3 Hold
APA APA Group FP Units Stapled Securities $11.02 1 9 2 Hold
APE AP Eagers Limited $9.55 2 5 0 Hold
APT Afterpay Touch $25.59 6 2 0 Strong Buy
APX Appen Limited $29.44 3 4 1 Hold
AST Ausnet Services Limited $1.91 1 7 3 Hold
ASX ASX Limited $86.49 0 4 10 Strong Sell
AWC Alumina Limited $2.30 4 3 3 Hold
AZJ Aurizon Holdings Limited $5.53 3 6 4 Hold
BAP Bapcor Limited $6.03 7 0 0 Strong Buy
BEN Bendigo and Adelaide $11.35 1 1 13 Strong Sell
BHP BHP Group Limited $40.96 4 10 3 Hold
BKW Brickworks Limited $16.75 0 7 0 Hold
BLD Boral Limited $5.39 6 4 1 Buy
BOQ Bank of Queensland $9.34 1 6 9 Sell
BPT Beach Energy Limited $1.88 6 7 1 Buy
BRG Breville Group Limited $17.61 0 5 2 Sell
BSL Bluescope Steel Limited $11.65 4 5 1 Hold
BWP BWP Trust Ordinary Units FP $3.86 0 1 4 Strong Sell
BXB Brambles Limited $12.35 2 6 3 Hold
CAR Carsales.com Limited $14.32 9 4 1 Buy
CBA Commonwealth Bank $81.24 1 9 6 Sell
CCL Coca-Cola Amatil $10.48 0 5 8 Strong Sell
CGF Challenger Limited $6.89 4 9 2 Hold
CHC Charter Hall Group Stapled Securities US Prohibited $11.46 2 1 2 Hold
CIM Cimic Group Limited $45.22 0 6 1 Hold
CLW CHTR H LWR FP Units Stapled Securities $5.19 2 1 1 Hold
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.205 0 2 2 Sell
COH Cochlear Limited $222.17 1 5 8 Sell
COL Coles Group $14.03 3 7 5 Hold
CPU Computershare Limited $16.72 4 8 1 Hold
CQR Charter Hall Retail Units FP $4.55 0 4 4 Sell
CRN Coronado Global Res Cdi 10:1 US Prohibited Excluding QIB $3.35 6 2 0 Strong Buy
CSL CSL Limited $220.19 7 6 1 Buy
CSR CSR Limited $4.22 2 2 7 Sell
CTD Corp Travel Limited $22.15 7 2 0 Strong Buy
CTX Caltex Australia $26.09 8 5 0 Buy
CUV Clinuvel Pharmaceut $34.93 0 1 0 Hold
CWN Crown Resorts Limited $12.87 3 8 1 Hold
CWY Cleanaway Waste Limited $2.43 2 6 0 Hold
DHG Domain Holdings Aus $3.06 1 7 4 Sell
DLX Duluxgroup Limited $9.33 1 8 1 Hold
DMP Domino PIZZA Enterpr $40.81 6 4 3 Hold
DOW Downer Edi Limited $6.82 5 1 2 Buy
DXS Dexus FP Units Stapled Securities $13.42 1 4 3 Sell
EVN Evolution Mining Limited $4.32 4 10 3 Hold
EVT Event Hospitality $12.55 2 3 1 Hold
FLT Flight Centre Travel $43.49 8 7 0 Buy
FMG Fortescue Metals Group $8.89 8 7 7 Hold
GMG Goodman Group FP Ordinary/Units Stapled Securities $15.47 3 4 2 Hold
GNC Graincorp Limited Class A $8.41 4 3 1 Buy
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $4.34 0 3 2 Sell
GPT GPT Group FP Ordinary/Units Stapled Securities $6.25 0 8 2 Hold
HLS Healius $3.06 4 6 0 Buy
HVN Harvey Norman $4.15 2 7 3 Hold
IAG Insurance Australia $8.53 3 9 2 Hold
IEL Idp Education Limited $18.57 3 4 1 Hold
IFL IOOF Holdings Limited $5.33 1 8 3 Hold
IGO Independence Group $4.85 8 7 1 Buy
ILU Iluka Resources $10.51 6 6 0 Buy
IPL Incitec Pivot $3.21 5 7 0 Buy
IRE Iress Limited $14.10 1 5 1 Hold
IVC Invocare Limited $16.67 0 7 2 Sell
JBH JB Hi-Fi Limited $27.81 3 9 3 Hold
JHX James Hardie Indust Chess Depositary Interests 1:1 $18.60 8 1 1 Strong Buy
LLC Lendlease Group FP Ordinary/Units Stapled Securities $14.09 8 1 0 Strong Buy
LNK Link Admin HLDG $5.09 8 1 2 Buy
MFG Magellan Fin Group Limited $55.16 0 6 6 Sell
MGR Mirvac Group FP Ordinary/Units Stapled Securities $3.26 1 5 3 Sell
MIN Mineral Resources $15.25 6 0 0 Strong Buy
MND Monadelphous Group $18.82 2 6 4 Hold
MPL Medibank Private Limited $3.58 3 4 5 Hold
MQG Macquarie Group Limited $128.01 8 7 0 Buy
MTS Metcash Limited $2.81 3 5 5 Hold
NAB National Aust. Bank $26.86 11 4 1 Buy
NCM Newcrest Mining $31.49 3 5 6 Sell
NEA Nearmap Limited $3.60 4 2 1 Buy
NEC Nine Entertainment $2.01 6 2 0 Strong Buy
NHC New Hope Corporation $2.61 3 2 0 Buy
NHF Nib Holdings Limited $7.88 3 7 2 Hold
NST Northern Star $11.65 4 11 4 Hold
NUF Nufarm Limited $4.36 10 4 0 Strong Buy
NVT Navitas Limited $0.00 0 2 0 Hold
NWL Netwealth Group $7.37 3 4 4 Hold
NXT NEXTDC Limited $6.64 8 3 1 Buy
ORA Orora Limited $3.30 4 5 3 Hold
ORG Origin Energy $7.45 8 5 0 Buy
ORI Orica Limited $20.48 0 7 4 Sell
OSH Oil Search Limited 10 Toea $6.95 7 8 1 Buy
OZL OZ Minerals $9.77 10 7 1 Buy
PDL Pendal Group Limited $7.46 6 7 1 Buy
PME Pro Medicus Limited $27.31 0 5 2 Sell
PMV Premier Investments $16.04 4 7 2 Hold
PPT Perpetual Limited $43.20 1 8 4 Sell
PTM Platinum Asset $5.00 0 6 4 Sell
QAN Qantas Airways $5.83 7 5 0 Buy
QBE QBE Insurance Group $11.91 6 5 2 Hold
QUB QUBE Holdings Limited $3.08 3 3 4 Hold
REA REA Group $98.99 5 5 3 Hold
REH Reece Limited $10.37 3 1 0 Strong Buy
RHC Ramsay Health Care $73.29 3 8 3 Hold
RIO RIO Tinto Limited $103.67 6 6 3 Hold
RRL Regis Resources $5.50 4 6 7 Hold
RWC Reliance Worldwide $3.61 8 2 0 Strong Buy
S32 SOUTH32 Limited $3.06 9 13 3 Hold
SAR Saracen Mineral $3.62 2 3 6 Sell
SBM ST Barbara Limited $3.13 3 6 0 Buy
SCG Scentre Group FP Ordinary/Units Stapled Securities $4.03 2 4 3 Hold
SCP Sca Property Group FP Units Stapled Securities $2.55 1 3 4 Sell
SDF Steadfast Group Limited $3.53 3 3 1 Hold
SEK Seek Limited $21.94 4 6 2 Hold
SGM Sims Metal MGMT Limited $10.63 4 4 1 Buy
SGP Stockland FP Ordinary/Units Stapled Securities $4.58 3 3 3 Hold
SGR The Star Ent Group $4.20 9 4 0 Buy
SHL Sonic Healthcare $27.57 3 8 1 Hold
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.44 0 7 4 Sell
STO Santos Limited $6.85 7 11 0 Buy
SUL Super Ret Rep Limited $9.25 5 7 1 Hold
SUN Suncorp Group Limited $13.36 7 3 3 Hold
SVW Seven Group Holdings $18.77 5 0 1 Buy
SYD SYD Airport FP Ordinary/Units Stapled Securities $8.09 3 5 6 Sell
TAH Tabcorp Holdings Limited $4.69 6 6 2 Hold
TCL Transurban Group FP Ordinary/Units Stapled Securities $15.38 2 6 6 Sell
TLS Telstra Corporation $3.87 8 6 2 Buy
TNE Technology One $7.86 1 3 3 Sell
TPM TPG Telecom Limited $6.54 2 5 3 Hold
TWE Treasury Wine Estate $16.01 9 3 3 Buy
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.64 1 7 0 Hold
VEA Viva Energy Group $2.21 7 1 1 Buy
VOC Vocus Group Limited $3.13 3 7 2 Hold
VVR Viva Energy REIT FP Ordinary/Units Stapled Securities $2.65 1 3 0 Hold
WBC Westpac Banking Corp $27.87 6 6 4 Hold
WEB Webjet Limited $13.44 6 2 0 Strong Buy
WES Wesfarmers Limited $37.46 0 7 7 Sell
WHC Whitehaven Coal $3.65 13 2 2 Buy
WOR Worleyparsons Limited $15.15 9 1 1 Strong Buy
WOW Woolworths Group Limited $34.49 1 7 5 Sell
WPL Woodside Petroleum $36.02 9 5 3 Buy
WTC Wisetech Global Limited $29.41 4 3 3 Hold
XRO Xero Limited $63.47 4 4 4 Hold
YAL Yancoal Aust Limited $3.14 1 2 0 Buy

NOTE: Share prices as at previous close. Analysts tend to produce more reports with a “Buy” than a “Sell” so the number of recommendations generally favour the buy side.



Follow us to get
Consensus Data in your feed