Consensus Recommendations (21 August 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 This leads to outdated consensus data.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 $3.15 2 5 5 Sell
ABP Abacus Property Group FP Ordinary/Units Stapled Securities $3.92 0 3 0 Hold
AGL AGL Energy Limited $19.24 0 6 6 Sell
ALL Aristocrat Leisure $29.08 12 3 0 Strong Buy
ALQ Als Limited $7.73 7 2 1 Buy
ALU Altium Limited $35.86 3 2 1 Buy
AMP AMP Limited $1.80 2 8 3 Hold
ANN Ansell Limited $27.07 4 7 1 Hold
ANZ ANZ Banking Group Limited $26.68 4 9 2 Hold
APA APA Group FP Units Stapled Securities $10.84 0 9 2 Hold
APE AP Eagers Limited $11.23 4 2 1 Buy
APT Afterpay Touch $25.02 6 2 0 Strong Buy
APX Appen Limited $24.48 3 5 1 Hold
ARB ARB Corporation $17.96 0 7 1 Hold
AST Ausnet Services Limited $1.765 1 6 3 Hold
ASX ASX Limited $85.96 0 3 9 Strong Sell
AWC Alumina Limited $2.16 5 3 3 Hold
AZJ Aurizon Holdings Limited $5.97 3 5 3 Hold
BAP Bapcor Limited $6.30 7 0 0 Strong Buy
BEN Bendigo and Adelaide $10.86 0 2 11 Strong Sell
BHP BHP Group Limited $36.30 3 10 4 Hold
BIN Bingo Industries Limited $2.42 3 5 0 Buy
BKW Brickworks Limited $15.97 0 6 0 Hold
BLD Boral Limited $5.00 5 4 1 Buy
BOQ Bank of Queensland $8.98 1 5 9 Strong Sell
BPT Beach Energy Limited $2.18 5 8 2 Hold
BRG Breville Group Limited $15.92 0 3 4 Strong Sell
BSL Bluescope Steel Limited $12.04 5 4 1 Buy
BWP BWP Trust Ordinary Units FP $3.83 0 1 4 Strong Sell
BXB Brambles Limited $13.01 2 6 3 Hold
CAR Carsales.com Limited $14.04 7 4 2 Buy
CBA Commonwealth Bank $77.13 1 7 7 Sell
CCL Coca-Cola Amatil $10.63 0 4 8 Strong Sell
CCP Credit Corp Group $28.33 2 5 0 Hold
CGF Challenger Limited $6.80 4 8 2 Hold
CHC Charter Hall Group Stapled Securities US Prohibited $12.40 2 1 2 Hold
CIM Cimic Group Limited $31.65 0 5 1 Hold
CLW CHTR H LWR FP Units Stapled Securities $5.70 2 1 1 Hold
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.22 0 2 2 Sell
COH Cochlear Limited $219.20 0 6 7 Strong Sell
CPU Computershare Limited $14.76 4 5 2 Hold
CQR Charter Hall Retail Units FP $4.35 0 5 3 Sell
CSL CSL Limited $234.45 7 6 0 Buy
CSR CSR Limited $4.04 2 1 7 Sell
CTD Corp Travel Limited $20.60 7 2 0 Strong Buy
CTX Caltex Australia $26.12 8 4 0 Buy
CWN Crown Resorts Limited $11.42 4 5 1 Hold
CWY Cleanaway Waste Limited $2.16 4 2 1 Buy
DHG Domain Holdings Aus $3.27 2 7 2 Hold
DLX Duluxgroup Limited $0.00 1 4 1 Hold
DMP Domino PIZZA Enterpr $44.41 7 2 2 Buy
DOW Downer Edi Limited $7.59 4 1 2 Hold
DXS Dexus FP Units Stapled Securities $12.95 1 2 4 Sell
EVN Evolution Mining Limited $5.09 2 8 6 Sell
EVT Event Hospitality $12.15 1 4 1 Hold
FLT Flight Centre Travel $44.79 7 7 0 Buy
FMG Fortescue Metals Group $7.58 7 9 6 Hold
GMG Goodman Group FP Ordinary/Units Stapled Securities $15.02 3 2 3 Hold
GNC Graincorp Limited Class A $7.91 3 4 0 Buy
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $4.42 0 2 2 Sell
GPT GPT Group FP Ordinary/Units Stapled Securities $6.23 0 7 2 Sell
HVN Harvey Norman $4.65 1 7 3 Hold
IAG Insurance Australia $7.76 2 7 3 Hold
IEL Idp Education Limited $19.31 3 4 1 Hold
IFL IOOF Holdings Limited $5.17 0 8 3 Sell
IGO Independence Group $5.36 6 8 1 Buy
ILU Iluka Resources $8.62 3 7 1 Hold
ING Inghams Group $4.02 0 6 3 Sell
IPH IPH Limited $9.45 4 2 0 Buy
IPL Incitec Pivot $3.23 4 7 0 Buy
IRE Iress Limited $12.79 1 5 0 Hold
IVC Invocare Limited $14.90 1 6 1 Hold
JBH JB Hi-Fi Limited $32.85 2 8 4 Hold
JHX James Hardie Indust Chess Depositary Interests 1:1 $23.20 7 1 1 Buy
LLC Lendlease Group FP Ordinary/Units Stapled Securities $15.78 7 2 0 Strong Buy
LNK Link Admin HLDG $4.88 8 1 1 Strong Buy
MFG Magellan Fin Group Limited $52.13 0 1 10 Strong Sell
MGR Mirvac Group FP Ordinary/Units Stapled Securities $3.21 1 2 5 Sell
MIN Mineral Resources $13.81 5 0 0 Strong Buy
MND Monadelphous Group $17.85 2 6 3 Hold
MPL Medibank Private Limited $3.39 2 4 6 Sell
MQG Macquarie Group Limited $123.38 7 6 0 Buy
MTS Metcash Limited $2.90 3 4 5 Hold
NAB National Aust. Bank $27.34 7 6 1 Buy
NAN Nanosonics Limited $5.10 2 3 2 Hold
NCM Newcrest Mining $34.89 2 5 7 Sell
NEA Nearmap Limited $3.14 4 2 0 Buy
NEC Nine Entertainment $1.775 5 3 0 Buy
NHC New Hope Corporation $2.20 4 1 0 Strong Buy
NHF Nib Holdings Limited $7.18 1 3 7 Strong Sell
NST Northern Star $11.67 3 8 6 Hold
NUF Nufarm Limited $4.41 9 4 0 Buy
NVT Navitas Limited $0.00 0 2 0 Hold
NWL Netwealth Group $7.66 3 4 4 Hold
NXT NEXTDC Limited $6.50 8 3 0 Strong Buy
ORA Orora Limited $2.72 3 6 1 Hold
ORG Origin Energy $7.32 7 4 0 Buy
ORI Orica Limited $21.46 1 6 3 Hold
OSH Oil Search Limited 10 Toea $6.57 7 7 1 Buy
OZL OZ Minerals $9.23 9 5 1 Buy
PME Pro Medicus Limited $26.89 0 5 2 Sell
PMV Premier Investments $14.75 3 7 2 Hold
PPT Perpetual Limited $36.43 1 8 4 Sell
PTM Platinum Asset $4.28 0 5 6 Strong Sell
QAN Qantas Airways $5.75 6 5 0 Buy
QBE QBE Insurance Group $12.31 7 4 1 Buy
QUB QUBE Holdings Limited $3.06 2 4 4 Hold
REA REA Group $104.57 5 6 2 Hold
REH Reece Limited $10.22 3 1 0 Strong Buy
RHC Ramsay Health Care $71.07 3 8 3 Hold
RIO RIO Tinto Limited $85.83 6 4 5 Hold
RRL Regis Resources $5.25 3 4 9 Sell
RSG Resolute Mining $1.675 6 2 2 Buy
RWC Reliance Worldwide $3.29 6 4 0 Buy
S32 SOUTH32 Limited $2.83 8 13 3 Hold
SAR Saracen Mineral $3.58 0 4 7 Strong Sell
SBM ST Barbara Limited $3.59 3 3 3 Hold
SCG Scentre Group FP Ordinary/Units Stapled Securities $3.90 2 4 2 Hold
SCP Sca Property Group FP Units Stapled Securities $2.59 1 4 3 Sell
SDF Steadfast Group Limited $3.56 3 3 1 Hold
SEK Seek Limited $20.03 4 5 1 Hold
SGM Sims Metal MGMT Limited $9.76 2 5 1 Hold
SGP Stockland FP Ordinary/Units Stapled Securities $4.60 2 3 3 Hold
SGR The Star Ent Group $3.96 10 3 0 Strong Buy
SHL Sonic Healthcare $28.60 3 7 2 Hold
SIQ Smartgrp Corporation $10.80 6 1 0 Strong Buy
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.30 1 6 3 Hold
STO Santos Limited $6.89 9 9 0 Buy
SUL Super Ret Rep Limited $9.80 8 3 1 Buy
SUN Suncorp Group Limited $13.32 6 3 3 Hold
SVW Seven Group Holdings $16.68 4 1 0 Strong Buy
SYD SYD Airport FP Ordinary/Units Stapled Securities $8.31 4 5 5 Hold
TAH Tabcorp Holdings Limited $4.45 3 7 3 Hold
TCL Transurban Group FP Ordinary/Units Stapled Securities $15.00 1 7 5 Sell
TLS Telstra Corporation $3.78 7 6 2 Buy
TNE Technology One $7.44 1 4 2 Hold
TPM TPG Telecom Limited $6.62 1 6 3 Hold
TWE Treasury Wine Estate $18.21 9 2 3 Buy
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.52 2 6 0 Hold
VOC Vocus Group Limited $3.00 3 6 2 Hold
VVR Viva Energy REIT FP Ordinary/Units Stapled Securities $2.70 0 3 0 Hold
WBC Westpac Banking Corp $28.03 5 8 2 Hold
WEB Webjet Limited $13.56 6 2 0 Strong Buy
WES Wesfarmers Limited $38.98 0 6 7 Strong Sell
WHC Whitehaven Coal $3.30 13 1 2 Buy
WOR Worleyparsons Limited $14.46 8 1 1 Strong Buy
WOW Woolworths Group Limited $36.12 1 5 6 Sell
WPL Woodside Petroleum $32.29 9 6 2 Buy
WTC Wisetech Global Limited $27.70 4 3 3 Hold
YAL Yancoal Aust Limited $3.38 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.



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