Consensus Recommendations (31 January 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 This leads to outdated consensus data.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 $4.57 3 8 4 Hold
ABP Abacus Property Group FP Ordinary/Units Stapled Securities $3.71 1 3 0 Hold
AGL AGL Energy Limited $21.63 3 5 5 Hold
ALL Aristocrat Leisure $24.16 11 2 0 Strong Buy
ALQ Als Limited $7.07 5 5 2 Hold
ALU Altium Limited $24.01 4 2 1 Buy
AMC Amcor Limited $13.54 8 3 1 Buy
AMP AMP Limited $2.28 4 7 3 Hold
ANN Ansell Limited $23.25 7 4 2 Buy
ANZ ANZ Banking Group Limited $25.48 10 4 1 Buy
APA APA Group FP Units Stapled Securities $9.15 0 10 1 Hold
APT Afterpay Touch $15.72 5 1 0 Strong Buy
APX Appen Limited $15.70 3 4 1 Hold
AST Ausnet Services Limited $1.68 1 9 2 Hold
ASX ASX Limited $64.06 0 5 9 Strong Sell
AWC Alumina Limited $2.40 8 2 1 Buy
AZJ Aurizon Holdings Limited $4.43 3 5 6 Sell
BAP Bapcor Limited $6.16 5 1 0 Strong Buy
BEN Bendigo and Adelaide $11.08 1 7 6 Sell
BHP BHP Group Limited $34.60 9 6 3 Buy
BKL Blackmores Limited $130.47 2 4 5 Sell
BKW Brickworks Limited $16.22 2 6 0 Hold
BLD Boral Limited $4.90 9 3 0 Strong Buy
BOQ Bank of Queensland $10.25 3 8 4 Hold
BPT Beach Energy Limited $1.705 8 6 0 Buy
BRG Breville Group Limited $11.01 1 6 1 Hold
BSL Bluescope Steel Limited $12.36 8 2 1 Buy
BWP BWP Trust Ordinary Units FP $3.69 0 1 6 Strong Sell
BXB Brambles Limited $10.60 6 7 1 Buy
CAR Carsales.com Limited $12.43 8 3 3 Buy
CBA Commonwealth Bank $71.24 6 8 2 Hold
CCL Coca-Cola Amatil $8.52 0 9 4 Sell
CGC Costa Group Holdings $5.56 4 4 1 Buy
CGF Challenger Limited $7.27 4 7 3 Hold
CHC Charter Hall Group Stapled Securities US Prohibited $8.19 4 1 3 Hold
CIM Cimic Group Limited $45.32 2 5 1 Hold
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.07 2 2 2 Hold
COH Cochlear Limited $191.77 3 7 6 Hold
CPU Computershare Limited $17.68 3 9 2 Hold
CQR Charter Hall Retail Units FP $4.58 0 5 5 Sell
CSL CSL Limited $194.73 9 5 1 Buy
CSR CSR Limited $2.89 4 5 4 Hold
CTD Corp Travel Limited $23.40 7 1 0 Strong Buy
CTX Caltex Australia $26.95 10 1 1 Strong Buy
CWN Crown Resorts Limited $11.92 4 7 0 Buy
CWY Cleanaway Waste Limited $1.845 6 1 0 Strong Buy
DHG Domain Holdings Aus $2.36 5 7 1 Hold
DLX Duluxgroup Limited $6.76 2 6 2 Hold
DMP Domino PIZZA Enterpr $44.25 5 5 3 Hold
DOW Downer Edi Limited $7.16 6 2 2 Buy
DXS Dexus FP Units Stapled Securities $11.60 2 7 2 Hold
EVN Evolution Mining Limited $3.92 3 11 2 Hold
EVT Event Hospitality $13.30 2 3 1 Hold
FLT Flight Centre Travel $43.74 7 5 2 Buy
FMG Fortescue Metals Group $5.42 12 6 5 Hold
GEM G8 Education Limited $3.06 10 2 1 Buy
GMG Goodman Group FP Ordinary/Units Stapled Securities $12.05 4 6 2 Hold
GNC Graincorp Limited Class A $9.37 4 4 1 Buy
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $3.85 0 2 4 Strong Sell
GPT GPT Group FP Ordinary/Units Stapled Securities $5.82 2 10 1 Hold
HSO Healthscope Limited $2.37 1 8 0 Hold
HVN Harvey Norman $3.49 3 5 4 Hold
IAG Insurance Australia $7.16 4 7 3 Hold
IEL Idp Education Limited $11.24 3 3 1 Hold
IFL IOOF Holdings Limited $5.20 1 11 0 Hold
IGO Independence Group $4.22 11 5 1 Buy
ILU Iluka Resources $8.58 10 0 0 Strong Buy
ING Inghams Group $4.60 0 5 4 Sell
IOF Investa Office Fund Stapled Securities $0.00 0 2 0 Hold
IPL Incitec Pivot $3.30 6 6 0 Buy
IRE Iress Limited $11.69 2 5 1 Hold
IVC Invocare Limited $12.03 1 6 2 Hold
JBH JB Hi-Fi Limited $22.38 6 6 3 Hold
JHX James Hardie Indust Chess Depositary Interests 1:1 $14.98 11 0 1 Strong Buy
LLC Lendlease Group FP Ordinary/Units Stapled Securities $12.31 8 2 1 Buy
LNK Link Admin HLDG $7.03 7 1 0 Strong Buy
MFG Magellan Fin Group Limited $27.83 10 2 0 Strong Buy
MGR Mirvac Group FP Ordinary/Units Stapled Securities $2.41 5 5 3 Hold
MIN Mineral Resources $15.42 6 0 0 Strong Buy
MMS Mcmillan Shakespeare $15.03 5 4 0 Buy
MND Monadelphous Group $15.15 3 4 6 Sell
MPL Medibank Private Limited $2.64 3 4 4 Hold
MQG Macquarie Group Limited $116.76 11 4 0 Strong Buy
MTS Metcash Limited $2.42 5 3 4 Hold
MYO Myob Group Limited $3.39 2 6 2 Hold
MYX Mayne Pharma Limited $0.815 4 3 1 Buy
NAB National Aust. Bank $24.25 11 3 2 Buy
NCM Newcrest Mining $24.34 5 11 1 Hold
NEC Nine Entertainment $1.475 7 1 0 Strong Buy
NHC New Hope Corporation $4.01 2 3 0 Buy
NHF Nib Holdings Limited $5.27 5 7 0 Buy
NST Northern Star $8.64 2 13 4 Hold
NUF Nufarm Limited $6.29 8 6 0 Buy
NVT Navitas Limited $5.61 0 5 0 Hold
NWL Netwealth Group $6.90 3 5 3 Hold
NXT NEXTDC Limited $6.69 9 3 0 Strong Buy
ORA Orora Limited $3.12 6 5 3 Hold
ORG Origin Energy $7.17 10 3 0 Strong Buy
ORI Orica Limited $17.35 3 6 3 Hold
OSH Oil Search Limited 10 Toea $7.64 7 7 1 Buy
OZL OZ Minerals $9.59 12 5 0 Strong Buy
PGH Pact Group Holdings Limited $3.92 3 6 0 Buy
PMV Premier Investments $14.20 4 6 3 Hold
PPT Perpetual Limited $32.12 2 10 2 Hold
PRY Primary Health Care $0.00 4 4 3 Hold
PTM Platinum Asset $4.50 1 2 8 Strong Sell
QAN Qantas Airways $5.59 7 4 1 Buy
QBE QBE Insurance Group $10.68 9 4 1 Buy
QUB QUBE Holdings Limited $2.67 4 6 2 Hold
REA REA Group $75.10 7 5 2 Buy
RHC Ramsay Health Care $56.85 9 4 2 Buy
RIO RIO Tinto Limited $87.30 9 5 2 Buy
RRL Regis Resources $5.22 4 7 6 Hold
RWC Reliance Worldwide $4.62 8 2 2 Buy
S32 SOUTH32 Limited $3.44 11 10 3 Buy
SAR Saracen Mineral $3.21 1 5 5 Sell
SBM ST Barbara Limited $4.86 1 8 1 Hold
SCG Scentre Group FP Ordinary/Units Stapled Securities $4.06 6 5 1 Buy
SCP Sca Property Group FP Units Stapled Securities $2.53 1 1 6 Strong Sell
SDF Steadfast Group Limited $2.59 3 3 1 Hold
SEK Seek Limited $17.28 4 6 3 Hold
SGM Sims Metal MGMT Limited $10.28 4 4 2 Hold
SGP Stockland FP Ordinary/Units Stapled Securities $3.85 7 3 2 Buy
SGR The Star Ent Group $4.41 7 5 0 Buy
SHL Sonic Healthcare $22.92 5 6 1 Buy
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.46 3 7 2 Hold
SOL Soul Pattinson (W.H) $25.54 0 0 1 Strong Sell
STO Santos Limited $6.31 10 6 0 Buy
SUL Super Ret Rep Limited $7.34 7 6 0 Buy
SUN Suncorp Group Limited $13.00 7 4 2 Buy
SVW Seven Group Holdings $15.20 6 1 0 Strong Buy
SYD SYD Airport FP Ordinary/Units Stapled Securities $6.57 7 3 5 Hold
TAH Tabcorp Holdings Limited $4.66 7 4 0 Buy
TCL Transurban Group Ordinary Shares/Units FP Triple Stapled $12.06 9 3 3 Buy
TLS Telstra Corporation $3.19 9 3 3 Buy
TNE Technology One $6.85 2 5 0 Hold
TPM TPG Telecom Limited $7.04 2 5 4 Hold
TWE Treasury Wine Estate $15.45 8 4 2 Buy
VAH Virgin Aus HLDG Limited $0.18 1 3 3 Sell
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.66 4 4 1 Buy
VOC Vocus Group Limited $3.36 0 7 4 Sell
VVR Viva Energy REIT FP Ordinary/Units Stapled Securities $2.26 3 1 0 Strong Buy
WBC Westpac Banking Corp $25.19 8 5 3 Buy
WEB Webjet Limited $11.94 4 3 0 Buy
WES Wesfarmers Limited $32.49 5 5 5 Hold
WHC Whitehaven Coal $4.88 13 3 2 Buy
WOR Worleyparsons Limited $13.49 7 3 1 Buy
WOW Woolworths Group Limited $29.61 3 7 5 Hold
WPL Woodside Petroleum $34.30 11 4 1 Buy
WTC Wisetech Global Limited $19.49 4 3 2 Hold

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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