Consensus Recommendations (6 December 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 This leads to outdated consensus data.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 $3.50 3 5 6 Sell
AGL AGL Energy Limited $20.24 1 6 6 Sell
ALL Aristocrat Leisure $34.03 13 3 1 Strong Buy
ALQ Als Limited $9.02 3 6 2 Hold
ALU Altium Limited $35.95 4 3 0 Buy
ALX Atlas Arteria Stap US Prohibited Excluding QUP $7.54 0 5 2 Sell
AMP AMP Limited $1.87 1 6 5 Sell
ANN Ansell Limited $29.00 3 8 1 Hold
ANZ ANZ Banking Group Limited $24.70 3 10 3 Hold
APA APA Group FP Units Stapled Securities $10.84 0 9 2 Hold
APE AP Eagers Limited $9.63 5 4 0 Buy
APT Afterpay Limited $29.75 9 1 2 Buy
APX Appen Limited $22.99 4 4 0 Buy
ARB ARB Corporation $18.70 3 4 1 Hold
ASB Austal Limited $3.92 2 5 0 Hold
AST Ausnet Services Limited $1.67 1 6 3 Hold
ASX ASX Limited $79.46 0 3 9 Strong Sell
AVN Aventus Group FP Ordinary/Units Stapled Securities $2.90 2 2 1 Hold
AWC Alumina Limited $2.23 3 4 5 Hold
AZJ Aurizon Holdings Limited $5.55 3 6 3 Hold
BAL Bellamy's Australia $13.22 0 5 1 Hold
BAP Bapcor Limited $6.59 5 2 0 Strong Buy
BEN Bendigo and Adelaide $9.86 0 2 12 Strong Sell
BHP BHP Group Limited $37.41 5 11 2 Hold
BIN Bingo Industries Limited $2.83 6 4 0 Buy
BKL Blackmores Limited $80.60 1 5 5 Sell
BKW Brickworks Limited $18.88 1 3 1 Hold
BLD Boral Limited $4.92 2 7 1 Hold
BOQ Bank of Queensland $7.46 1 5 10 Strong Sell
BPT Beach Energy Limited $2.40 3 10 3 Hold
BRG Breville Group Limited $16.75 0 3 4 Strong Sell
BSL Bluescope Steel Limited $14.67 2 7 2 Hold
BXB Brambles Limited $12.30 3 7 2 Hold
CAR Carsales.com Limited $16.10 6 6 3 Hold
CBA Commonwealth Bank $78.62 1 6 9 Sell
CCL Coca-Cola Amatil $11.19 2 5 7 Sell
CGF Challenger Limited $7.88 3 9 2 Hold
CHC Charter Hall Group Stapled Securities US Prohibited $10.36 3 2 2 Hold
CIM Cimic Group Limited $32.51 0 6 0 Hold
CLW CHTR H LWR FP Units Stapled Securities $5.76 2 1 1 Hold
CMA Centuria Metro REIT Ordinary Units FP $3.18 0 5 0 Hold
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.22 0 1 3 Strong Sell
COH Cochlear Limited $228.70 1 8 6 Sell
CPU Computershare Limited $16.96 5 5 2 Hold
CQR Charter Hall Retail Units FP $4.50 1 6 3 Hold
CRN Coronado Global Res Cdi 10:1 US Prohibited Excluding QIB $1.97 6 2 0 Strong Buy
CSL CSL Limited $277.71 10 3 1 Buy
CSR CSR Limited $4.70 1 2 9 Strong Sell
CTD Corp Travel Limited $19.68 7 1 2 Buy
CTX Caltex Australia $34.38 6 6 0 Buy
CUV Clinuvel Pharmaceut $26.89 0 1 0 Hold
CWN Crown Resorts Limited $12.18 3 10 0 Hold
CWY Cleanaway Waste Limited $2.04 6 3 1 Buy
DHG Domain Holdings Aus $3.45 4 5 2 Hold
DMP Domino PIZZA Enterpr $51.40 3 6 3 Hold
DOW Downer Edi Limited $8.08 4 3 1 Buy
DXS Dexus FP Units Stapled Securities $12.11 1 5 3 Sell
EML EML Payments Limited $4.40 4 0 0 Strong Buy
EVN Evolution Mining Limited $3.92 3 7 4 Hold
EVT Event Hospitality $13.55 2 4 0 Buy
FLT Flight Centre Travel $42.75 5 10 0 Buy
FMG Fortescue Metals Group $9.97 4 9 9 Sell
FNP Freedom Food Limited $5.15 4 1 0 Strong Buy
GMA Genworth Mortgage $3.66 0 3 0 Hold
GMG Goodman Group FP Ordinary/Units Stapled Securities $14.41 6 1 3 Hold
GNC Graincorp Limited Class A $7.76 1 4 1 Hold
GPT GPT Group FP Ordinary/Units Stapled Securities $6.01 0 7 3 Sell
HLS Healius $2.90 5 5 1 Buy
HVN Harvey Norman $4.26 0 6 4 Sell
IAG Insurance Australia $7.73 3 7 2 Hold
IEL Idp Education Limited $17.66 4 4 1 Buy
IFL IOOF Holdings Limited $7.77 3 5 2 Hold
IGO Independence Group $5.84 6 7 2 Hold
ILU Iluka Resources $9.51 1 9 0 Hold
IPH IPH Limited $8.07 2 4 0 Buy
IPL Incitec Pivot $3.08 3 7 2 Hold
JBH JB Hi-Fi Limited $37.43 2 7 5 Sell
JHX James Hardie Indust Chess Depositary Interests 1:1 $28.66 9 1 3 Buy
LLC Lendlease Group FP Ordinary/Units Stapled Securities $18.92 7 1 1 Buy
LNK Link Admin HLDG $5.55 8 1 1 Strong Buy
LYC Lynas Corporation $2.07 3 0 0 Strong Buy
MFG Magellan Fin Group Limited $50.87 0 3 9 Strong Sell
MGR Mirvac Group FP Ordinary/Units Stapled Securities $3.31 3 2 4 Hold
MIN Mineral Resources $15.13 5 1 0 Strong Buy
MND Monadelphous Group $15.79 5 5 2 Hold
MPL Medibank Private Limited $3.14 2 5 5 Sell
MQG Macquarie Group Limited $133.56 8 6 0 Buy
MTS Metcash Limited $2.76 3 5 5 Hold
NCM Newcrest Mining $29.23 2 7 7 Sell
NEC Nine Entertainment $1.765 8 1 0 Strong Buy
NHC New Hope Corporation $2.02 4 1 1 Buy
NHF Nib Holdings Limited $6.53 1 5 5 Sell
NSR National Storage FP Ordinary/Units Stapled Securities $1.905 1 3 3 Sell
NST Northern Star $9.80 6 8 2 Hold
NUF Nufarm Limited $4.97 7 4 0 Buy
NWH NRW Holdings Limited $3.05 6 0 0 Strong Buy
NWL Netwealth Group $8.12 1 5 5 Sell
NXT NEXTDC Limited $6.39 10 2 0 Strong Buy
ORA Orora Limited $3.20 3 7 0 Hold
ORG Origin Energy $8.53 11 2 0 Strong Buy
ORI Orica Limited $22.96 1 7 3 Hold
OSH Oil Search Limited 10 Toea $7.10 8 7 1 Buy
OZL OZ Minerals $10.41 9 5 2 Buy
PDL Pendal Group Limited $8.06 5 7 2 Hold
PME Pro Medicus Limited $24.56 1 5 1 Hold
PPT Perpetual Limited $38.47 0 8 4 Sell
PTM Platinum Asset $4.19 0 4 7 Strong Sell
QAN Qantas Airways $7.16 6 3 2 Buy
QBE QBE Insurance Group $12.25 5 6 1 Buy
QUB QUBE Holdings Limited $3.20 2 5 4 Hold
REA REA Group $103.12 3 5 4 Hold
REH Reece Limited $10.59 2 2 0 Buy
RHC Ramsay Health Care $70.58 4 8 2 Hold
RRL Regis Resources $4.66 6 5 4 Hold
RWC Reliance Worldwide $3.92 8 5 0 Buy
S32 SOUTH32 Limited $2.60 7 16 1 Hold
SAR Saracen Mineral $3.06 6 3 0 Buy
SBM ST Barbara Limited $2.58 6 2 1 Buy
SCG Scentre Group FP Ordinary/Units Stapled Securities $3.85 3 4 3 Hold
SCP Sca Property Group FP Units Stapled Securities $2.64 1 4 5 Sell
SDF Steadfast Group Limited $3.46 5 2 0 Strong Buy
SEK Seek Limited $21.81 4 8 0 Buy
SGM Sims Metal MGMT Limited $10.69 3 4 3 Hold
SGP Stockland FP Ordinary/Units Stapled Securities $4.96 2 3 4 Sell
SGR The Star Ent Group $4.55 10 1 2 Buy
SHL Sonic Healthcare $28.74 3 9 1 Hold
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.04 2 6 2 Hold
SOL Soul Pattinson (W.H) $21.58 1 0 1 Hold
STO Santos Limited $8.14 8 8 1 Buy
SUL Super Ret Rep Limited $9.79 8 3 1 Buy
SUN Suncorp Group Limited $12.95 6 2 4 Hold
SVW Seven Group Holdings $18.89 5 0 1 Buy
TAH Tabcorp Holdings Limited $4.68 3 7 3 Hold
TCL Transurban Group FP Ordinary/Units Stapled Securities $14.95 1 8 5 Sell
TLS Telstra Corporation $3.69 9 4 2 Buy
TNE Technology One $8.97 0 5 2 Sell
TPM TPG Telecom Limited $6.87 2 6 3 Hold
VAH Virgin Aus HLDG Limited $0.00 1 2 1 Hold
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.63 1 6 3 Hold
VEA Viva Energy Group $2.14 8 4 0 Buy
VOC Vocus Group Limited $3.01 3 9 1 Hold
VVR Viva Energy REIT FP Ordinary/Units Stapled Securities $2.76 1 4 1 Hold
WBC Westpac Banking Corp $24.33 3 10 3 Hold
WEB Webjet Limited $11.99 4 3 1 Buy
WES Wesfarmers Limited $40.90 0 8 7 Sell
WHC Whitehaven Coal $2.69 11 4 2 Buy
WOW Woolworths Group Limited $38.02 2 5 6 Sell
WPL Woodside Petroleum $33.57 10 6 1 Buy
WTC Wisetech Global Limited $25.09 5 3 2 Hold
XRO Xero Limited $81.50 9 2 4 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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