Consensus Recommendations (16 September 2020)

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 This leads to outdated consensus data.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 Adbri Ltd $2.82 3 8 5 Hold
ABP Abacus Property Group $2.80 3 2 0 Buy
AGL AGL Energy Ltd $14.50 2 5 6 Sell
ALL Aristocrat Leisure Ltd $28.29 12 2 0 Strong Buy
ALQ Als Ltd $9.05 9 4 1 Buy
ALU Altium Ltd $33.55 3 7 1 Hold
ALX Atlas Arteria $6.47 3 5 1 Hold
AMP AMP Ltd $1.495 2 7 3 Hold
ANN Ansell Ltd $37.08 3 5 4 Hold
ANZ Australia and New Zealand Banking Group Ltd $17.35 10 4 1 Buy
APA APA Group $10.31 4 6 2 Hold
APE Eagers Automotive Ltd $8.95 5 5 0 Buy
APT Afterpay Ltd $75.01 6 5 2 Hold
APX Appen Ltd $32.06 5 7 0 Buy
ARB ARB Corporation Ltd $27.32 3 3 2 Hold
AST Ausnet Services Ltd $1.87 1 6 4 Sell
ASX ASX Ltd $81.95 0 2 10 Strong Sell
AWC Alumina Ltd $1.485 8 3 1 Buy
AZJ Aurizon Holdings Ltd $4.33 9 3 0 Strong Buy
BAP Bapcor Ltd $6.86 8 1 0 Strong Buy
BEN Bendigo and Adelaide Bank Ltd $6.15 1 7 6 Sell
BHP BHP Group Ltd $37.49 7 8 1 Buy
BKW Brickworks Ltd $17.81 6 2 0 Strong Buy
BLD Boral Ltd $4.12 4 5 2 Hold
BOQ Bank of Queensland Ltd $6.00 3 9 4 Hold
BPT Beach Energy Ltd $1.355 12 4 1 Buy
BRG Breville Group Ltd $26.88 4 5 2 Hold
BSL Bluescope Steel Ltd $12.96 6 5 0 Buy
BWP BWP Trust $3.99 1 1 3 Sell
BXB Brambles Ltd $10.59 8 4 0 Buy
CAR Carsales.com Ltd $20.02 3 8 4 Hold
CBA Commonwealth Bank of Australia $65.03 1 7 7 Sell
CCL Coca-Cola Amatil Ltd $9.12 5 7 1 Hold
CDA Codan Ltd $10.67 3 1 1 Buy
CGF Challenger Ltd $3.63 4 9 1 Hold
CHC Charter Hall Group $12.38 5 2 2 Buy
CIM Cimic Group Ltd $19.54 3 2 1 Buy
CIP Centuria Industrial REIT $3.12 1 4 0 Hold
CLW Charter Hall Long Wale REIT $5.16 3 2 0 Buy
CMW Cromwell Property Group $0.87 0 3 1 Sell
COH Cochlear Ltd $193.82 5 4 7 Hold
COL Coles Group Ltd $17.04 7 6 2 Buy
CPU Computershare Ltd $12.24 7 2 3 Buy
CQR Charter Hall Retail REIT $3.50 5 3 2 Hold
CSL CSL Ltd $287.24 8 7 1 Buy
CSR CSR Ltd $3.85 4 4 4 Hold
CTD Corporate Travel Management Ltd $16.59 5 4 1 Buy
CWN Crown Resorts Ltd $9.07 9 3 0 Strong Buy
CWY Cleanaway Waste Management Ltd $2.24 5 4 1 Buy
DEG De Grey Mining Ltd $1.34 3 0 0 Strong Buy
DHG Domain Holdings Australia Ltd $3.64 4 7 1 Hold
DMP Domino's PIZZA Enterprises Ltd $81.38 2 5 6 Sell
DOW Downer Edi Ltd $4.25 7 3 0 Strong Buy
DXS Dexus $9.03 7 3 1 Buy
EVN Evolution Mining Ltd $6.13 4 5 6 Hold
FLT Flight Centre Travel Group Ltd $13.06 7 5 2 Buy
FMG Fortescue Metals Group Ltd $17.70 3 12 5 Hold
GMG Goodman Group $18.25 3 4 3 Hold
GOZ Growthpoint Properties Australia $3.36 2 3 0 Buy
GPT GPT Group $3.93 9 0 2 Buy
HLS Healius Ltd $3.33 5 5 0 Buy
HVN Harvey Norman Holdings Ltd $4.25 8 2 1 Buy
IAG Insurance Australia Group Ltd $4.66 7 4 1 Buy
IEL Idp Education Ltd $19.04 5 3 1 Buy
IFL IOOF Holdings Ltd $3.09 5 0 1 Buy
IGO IGO Ltd $4.75 9 7 2 Buy
ILU Iluka Resources Ltd $9.84 4 5 0 Buy
IPL Incitec Pivot Ltd $2.12 9 2 1 Buy
IRE Iress Ltd $9.80 4 3 0 Buy
JBH JB Hi-Fi Ltd $46.76 1 8 5 Sell
JHX James Hardie Industries Plc $30.33 8 3 1 Buy
KGN Kogan.com Ltd $19.23 2 2 1 Hold
LLC Lendlease Group $11.90 6 3 0 Buy
LNK Link Administration Holdings Ltd $3.86 5 2 2 Buy
LYC Lynas Corporation Ltd $2.48 6 0 0 Strong Buy
MFG Magellan Financial Group Ltd $57.95 2 7 4 Hold
MGR Mirvac Group $2.05 6 4 1 Buy
MIN Mineral Resources Ltd $27.90 1 2 3 Sell
MP1 Megaport Ltd $15.24 5 5 0 Buy
MPL Medibank Private Ltd $2.49 4 6 1 Hold
MQG Macquarie Group Ltd $118.69 8 5 1 Buy
MSB Mesoblast Ltd $4.80 1 1 1 Hold
MTS Metcash Ltd $2.81 9 1 2 Buy
NAB National Australia Bank Ltd $17.16 12 1 2 Buy
NAN Nanosonics Ltd $5.91 3 1 5 Sell
NCM Newcrest Mining Ltd $33.00 6 8 3 Hold
NEC Nine Entertainment Co. Holdings Ltd $1.70 9 1 0 Strong Buy
NHF Nib Holdings Ltd $4.21 4 6 0 Buy
NSR National Storage REIT $1.92 1 3 3 Sell
NST Northern Star Resources Ltd $14.92 4 8 5 Hold
NUF Nufarm Ltd $4.35 7 6 0 Buy
NWL Netwealth Group Ltd $14.40 0 6 4 Sell
NXT NEXTDC Ltd $11.39 12 1 1 Strong Buy
ORA Orora Ltd $2.33 3 8 0 Hold
ORG Origin Energy Ltd $4.62 10 3 0 Strong Buy
ORI Orica Ltd $16.87 6 5 1 Buy
OSH Oil Search Ltd $2.82 13 3 0 Strong Buy
OZL OZ Minerals Ltd $14.86 10 5 3 Buy
PBH Pointsbet Holdings Ltd $11.47 1 2 1 Hold
PDL Pendal Group Ltd $5.44 9 3 0 Strong Buy
PME Pro Medicus Ltd $26.02 3 4 0 Buy
PMV Premier Investments Ltd $18.89 4 5 2 Hold
PRU Perseus Mining Ltd $1.545 6 1 1 Buy
PTM Platinum Asset Management Ltd $3.24 0 3 8 Strong Sell
QAN Qantas Airways Ltd $3.94 7 4 1 Buy
QBE QBE Insurance Group Ltd $9.28 9 1 2 Buy
QUB QUBE Holdings Ltd $2.68 6 4 1 Buy
REA REA Group Ltd $110.19 4 7 2 Hold
REH Reece Ltd $12.75 1 3 1 Hold
RHC Ramsay Health Care Ltd $66.42 7 5 3 Hold
RIO RIO Tinto Ltd $102.13 6 6 3 Hold
RMS Ramelius Resources Ltd $2.47 3 1 0 Strong Buy
RRL Regis Resources Ltd $5.59 5 7 4 Hold
RWC Reliance Worldwide Corporation Ltd $3.86 9 3 1 Buy
S32 SOUTH32 Ltd $2.18 17 4 2 Buy
SAR Saracen Mineral Holdings Ltd $5.45 5 8 2 Hold
SBM ST Barbara Ltd $3.48 5 2 2 Buy
SCG Scentre Group $2.21 4 5 2 Hold
SCP Shopping Centres Australasia Property Group $2.26 1 7 2 Hold
SDF Steadfast Group Ltd $3.28 8 2 0 Strong Buy
SEK Seek Ltd $19.21 5 7 1 Hold
SGM Sims Ltd $8.38 5 4 2 Hold
SGP Stockland $3.74 4 5 2 Hold
SGR The Star Entertainment Group Ltd $3.15 12 1 0 Strong Buy
SHL Sonic Healthcare Ltd $32.44 5 7 2 Hold
SKI Spark Infrastructure Group $2.12 5 6 1 Buy
SLR Silver Lake Resources Ltd $2.50 5 1 0 Strong Buy
SOL Washington H Soul Pattinson & Company Ltd $21.13 1 2 0 Buy
STO Santos Ltd $5.09 14 3 0 Strong Buy
SUL Super Retail Group Ltd $10.49 7 3 1 Buy
SUN Suncorp Group Ltd $8.95 6 5 1 Buy
SVW Seven Group Holdings Ltd $17.85 6 2 0 Strong Buy
SYD Sydney Airport $5.45 9 4 2 Buy
TAH Tabcorp Holdings Ltd $3.41 5 6 3 Hold
TCL Transurban Group $14.22 5 6 4 Hold
TLS Telstra Corporation Ltd $2.82 7 6 2 Buy
TNE Technology One Ltd $7.77 2 3 2 Hold
TWE Treasury Wine Estates Ltd $9.00 6 8 1 Buy
VCX Vicinity Centres $1.38 2 6 3 Hold
VEA Viva Energy Group Ltd $1.585 7 3 1 Buy
VOC Vocus Group Ltd $3.68 5 6 3 Hold
WBC Westpac Banking Corporation $16.72 7 5 3 Hold
WES Wesfarmers Ltd $45.01 1 9 4 Sell
WOR Worley Ltd $9.36 9 2 1 Buy
WOW Woolworths Group Ltd $36.34 6 6 1 Buy
WPL Woodside Petroleum Ltd $18.17 11 4 1 Buy
WTC Wisetech Global Ltd $27.51 3 3 4 Hold
XRO Xero Ltd $90.90 6 4 6 Hold
YAL Yancoal Australia Ltd $2.00 0 1 0 Hold
Z1P ZIP Co Ltd $6.07 6 0 3 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.



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