Consensus Recommendations (28 June 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 This leads to outdated consensus data.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
A2M The a2 Milk Company Ltd $18.27 3 3 2 Hold
ABC Adbri Ltd $3.18 4 5 3 Hold
ABP Abacus Property Group $2.88 2 1 0 Buy
AGL AGL Energy Ltd $16.90 1 9 1 Hold
AIA Auckland International Airport Ltd $5.83 0 1 0 Hold
ALD Ampol Ltd $27.91 5 4 1 Buy
ALL Aristocrat Leisure Ltd $25.60 12 0 0 Strong Buy
ALQ Als Ltd $6.53 4 6 1 Hold
ALU Altium Ltd $33.10 1 6 2 Hold
ALX Atlas Arteria $6.65 2 5 0 Hold
AMC Amcor Plc $14.55 6 3 1 Buy
AMP AMP Ltd $1.86 2 7 2 Hold
ANN Ansell Ltd $35.38 3 5 2 Hold
ANZ Australia and New Zealand Banking Group Ltd $18.80 8 3 3 Buy
APA APA Group $11.46 4 6 1 Hold
APT Afterpay Ltd $57.00 5 6 1 Buy
APX Appen Ltd $34.77 8 3 0 Strong Buy
AST Ausnet Services Ltd $1.71 2 5 4 Hold
ASX ASX Ltd $84.73 0 2 9 Strong Sell
AWC Alumina Ltd $1.62 7 3 2 Buy
AZJ Aurizon Holdings Ltd $4.78 9 2 0 Strong Buy
BAP Bapcor Ltd $5.93 8 0 0 Strong Buy
BEN Bendigo and Adelaide Bank Ltd $7.07 2 6 5 Sell
BHP BHP Group Ltd $36.05 13 2 0 Strong Buy
BKW Brickworks Ltd $15.24 2 1 0 Buy
BLD Boral Ltd $3.77 3 5 1 Hold
BOQ Bank of Queensland Ltd $6.39 2 8 4 Hold
BPT Beach Energy Ltd $1.52 9 5 0 Buy
BRG Breville Group Ltd $22.98 4 3 1 Buy
BSL Bluescope Steel Ltd $11.41 6 3 1 Buy
BWP BWP Trust $3.99 1 1 1 Hold
BXB Brambles Ltd $10.74 6 5 0 Buy
CAR Carsales.com Ltd $17.30 4 8 1 Hold
CBA Commonwealth Bank of Australia $69.27 4 4 6 Hold
CCL Coca-Cola Amatil Ltd $8.68 2 8 2 Hold
CGF Challenger Ltd $4.60 1 7 2 Hold
CHC Charter Hall Group $9.88 7 0 1 Strong Buy
CIM Cimic Group Ltd $23.96 3 2 1 Buy
CLW Charter Hall Long Wale REIT $4.45 3 1 0 Strong Buy
CMW Cromwell Property Group $0.94 0 2 1 Sell
COH Cochlear Ltd $189.66 5 4 5 Hold
COL Coles Group Ltd $16.79 10 3 0 Strong Buy
CPU Computershare Ltd $13.07 6 2 2 Buy
CQR Charter Hall Retail REIT $3.46 3 4 1 Hold
CSL CSL Ltd $292.74 7 6 0 Buy
CWN Crown Resorts Ltd $9.58 8 2 0 Strong Buy
CWY Cleanaway Waste Management Ltd $2.16 5 3 0 Buy
DHG Domain Holdings Australia Ltd $3.15 5 3 2 Hold
DMP Domino's PIZZA Enterprises Ltd $67.79 5 3 3 Hold
DOW Downer Edi Ltd $4.35 3 4 0 Buy
DXS Dexus $9.67 7 2 1 Buy
EBO Ebos Group Ltd $21.09 2 3 0 Buy
EVN Evolution Mining Ltd $5.35 3 8 3 Hold
FBU Fletcher Building Ltd $3.38 1 1 0 Buy
FLT Flight Centre Travel Group Ltd $11.32 7 4 2 Buy
FMG Fortescue Metals Group Ltd $14.18 3 13 2 Hold
FPH Fisher & Paykel Healthcare Corporation Ltd $29.63 3 0 0 Strong Buy
GMG Goodman Group $15.28 4 3 2 Hold
GOZ Growthpoint Properties Australia $3.42 2 1 0 Buy
GPT GPT Group $4.30 8 1 1 Strong Buy
HLS Healius Ltd $3.14 4 4 0 Buy
HVN Harvey Norman Holdings Ltd $3.53 6 4 0 Buy
IAG Insurance Australia Group Ltd $5.84 5 5 1 Buy
IEL Idp Education Ltd $15.54 7 2 0 Strong Buy
IFL IOOF Holdings Ltd $5.12 3 5 0 Buy
IGO IGO Ltd $4.88 9 3 2 Buy
ILU Iluka Resources Ltd $8.53 4 4 0 Buy
IPL Incitec Pivot Ltd $1.875 5 5 0 Buy
IRE Iress Ltd $10.80 3 2 0 Buy
JBH JB Hi-Fi Ltd $42.24 3 7 3 Hold
JHX James Hardie Industries Plc $26.38 9 2 0 Strong Buy
LLC Lendlease Group $12.17 7 1 0 Strong Buy
LNK Link Administration Holdings Ltd $4.18 5 1 2 Buy
MCY Mercury NZ Ltd $4.50 1 2 2 Hold
MEZ Meridian Energy Ltd $4.50 1 3 1 Hold
MFG Magellan Financial Group Ltd $58.04 2 6 4 Hold
MGR Mirvac Group $2.26 6 4 0 Buy
MIN Mineral Resources Ltd $21.02 3 2 0 Buy
MP1 Megaport Ltd $12.20 4 5 0 Buy
MPL Medibank Private Ltd $3.01 2 5 1 Hold
MQG Macquarie Group Ltd $119.19 8 4 1 Buy
MSB Mesoblast Ltd $3.32 1 1 0 Buy
MTS Metcash Ltd $2.75 7 3 1 Buy
NAB National Australia Bank Ltd $18.40 12 2 0 Strong Buy
NAN Nanosonics Ltd $6.80 2 3 2 Hold
NCM Newcrest Mining Ltd $31.14 6 10 0 Buy
NEC Nine Entertainment Co. Holdings Ltd $1.355 8 0 0 Strong Buy
NHF Nib Holdings Ltd $4.71 2 6 0 Hold
NSR National Storage REIT $1.89 0 3 2 Sell
NST Northern Star Resources Ltd $13.13 5 7 2 Hold
NWL Netwealth Group Ltd $9.20 1 6 1 Hold
NXT NEXTDC Ltd $9.69 8 3 1 Buy
ORA Orora Ltd $2.21 2 7 0 Hold
ORG Origin Energy Ltd $5.93 9 2 0 Strong Buy
ORI Orica Ltd $16.37 6 4 0 Buy
OSH Oil Search Ltd $3.12 8 6 0 Buy
OZL OZ Minerals Ltd $10.97 12 3 1 Buy
PDL Pendal Group Ltd $5.97 8 3 0 Strong Buy
PME Pro Medicus Ltd $27.75 2 4 0 Buy
PMV Premier Investments Ltd $17.18 5 4 1 Buy
PPH Pushpay Holdings Ltd $8.62 2 0 0 Strong Buy
PTM Platinum Asset Management Ltd $3.81 0 2 8 Strong Sell
QAN Qantas Airways Ltd $3.81 6 2 2 Buy
QBE QBE Insurance Group Ltd $8.88 7 3 1 Buy
QUB QUBE Holdings Ltd $2.83 4 4 1 Buy
REA REA Group Ltd $104.90 5 5 1 Buy
REH Reece Ltd $9.40 2 3 0 Buy
RHC Ramsay Health Care Ltd $65.49 5 5 2 Hold
RIO RIO Tinto Ltd $98.99 7 4 2 Buy
RMD Resmed Inc $27.16 5 2 4 Hold
RRL Regis Resources Ltd $5.18 7 4 2 Buy
RWC Reliance Worldwide Corporation Ltd $3.06 8 2 0 Strong Buy
S32 SOUTH32 Ltd $2.00 12 1 1 Strong Buy
SAR Saracen Mineral Holdings Ltd $5.36 7 5 0 Buy
SBM ST Barbara Ltd $3.20 5 3 0 Buy
SCG Scentre Group $2.19 3 4 3 Hold
SCP Shopping Centres Australasia Property Group $2.27 1 5 2 Hold
SDF Steadfast Group Ltd $3.40 6 1 0 Strong Buy
SEK Seek Ltd $21.39 6 3 2 Buy
SGP Stockland $3.55 6 2 2 Buy
SGR The Star Entertainment Group Ltd $2.82 8 2 1 Buy
SHL Sonic Healthcare Ltd $30.28 6 5 1 Buy
SKC Skycity Entertainment Group Ltd $2.43 2 0 0 Strong Buy
SKI Spark Infrastructure Group $2.15 4 6 1 Hold
SLR Silver Lake Resources Ltd $2.03 1 4 0 Hold
SOL Washington H Soul Pattinson & Company Ltd $19.69 1 1 0 Buy
SPK Spark New Zealand Ltd $4.17 0 2 0 Hold
STO Santos Ltd $5.21 12 2 0 Strong Buy
SUL Super Retail Group Ltd $8.14 7 2 0 Strong Buy
SUN Suncorp Group Ltd $9.54 6 3 2 Buy
SVW Seven Group Holdings Ltd $17.22 6 1 0 Strong Buy
SYD Sydney Airport $5.58 7 2 4 Hold
TAH Tabcorp Holdings Ltd $3.31 3 4 5 Hold
TCL Transurban Group $14.49 3 8 2 Hold
TLS Telstra Corporation Ltd $3.13 7 4 2 Buy
TNE Technology One Ltd $8.78 0 4 2 Sell
TPM TPG Telecom Ltd $8.89 4 5 0 Buy
TWE Treasury Wine Estates Ltd $10.47 5 8 1 Hold
VCX Vicinity Centres $1.43 1 6 2 Hold
VEA Viva Energy Group Ltd $1.785 8 1 1 Strong Buy
VOC Vocus Group Ltd $2.90 4 5 2 Hold
WBC Westpac Banking Corporation $17.99 5 6 3 Hold
WES Wesfarmers Ltd $43.91 1 9 3 Hold
WOR Worley Ltd $8.80 7 2 1 Buy
WOW Woolworths Group Ltd $36.39 6 5 0 Buy
WPL Woodside Petroleum Ltd $21.16 10 4 0 Strong Buy
WPR Waypoint REIT $2.76 3 1 1 Buy
WTC Wisetech Global Ltd $21.64 2 4 1 Hold
XRO Xero Ltd $89.82 4 4 3 Hold
Z1P ZIP Co Ltd $5.45 5 1 0 Strong 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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