Consensus Recommendations (7 January 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 This leads to outdated consensus data.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 Adelaide Brighton $3.64 3 5 6 Sell
AGL AGL Energy Limited $20.57 1 5 7 Sell
ALL Aristocrat Leisure $34.26 13 3 1 Strong Buy
ALQ Als Limited $9.19 3 6 3 Hold
ALU Altium Limited $34.32 4 4 0 Buy
ALX Atlas Arteria Stap US Prohibited Excluding QUP $8.03 1 6 2 Hold
AMP AMP Limited $1.91 1 6 5 Sell
ANN Ansell Limited $29.37 3 8 1 Hold
APA APA Group FP Units Stapled Securities $11.12 0 9 2 Hold
APE AP Eagers Limited $9.94 5 4 0 Buy
APT Afterpay Limited $29.99 10 2 2 Buy
APX Appen Limited $22.16 5 4 0 Buy
AST Ausnet Services Limited $1.715 2 7 3 Hold
ASX ASX Limited $79.89 0 3 9 Strong Sell
AVH Avita Medical Limited $0.635 3 1 0 Strong Buy
AX1 Accent Group Limited $1.855 2 1 0 Buy
AZJ Aurizon Holdings Limited $5.30 4 5 3 Hold
BAP Bapcor Limited $6.39 6 1 0 Strong Buy
BEN Bendigo and Adelaide $9.82 0 2 12 Strong Sell
BHP BHP Group Limited $39.40 5 12 2 Hold
BIN Bingo Industries Limited $2.83 5 5 0 Buy
BKL Blackmores Limited $83.63 1 5 5 Sell
BKW Brickworks Limited $18.77 1 3 1 Hold
BLD Boral Limited $4.55 2 6 2 Hold
BOQ Bank of Queensland $7.22 1 5 10 Strong Sell
BRG Breville Group Limited $18.02 0 3 4 Strong Sell
BSL Bluescope Steel Limited $14.88 5 4 3 Hold
BVS Bravura Solution Limited $5.25 3 0 0 Strong Buy
BXB Brambles Limited $11.69 3 7 2 Hold
CBA Commonwealth Bank $79.77 1 6 9 Sell
CCL Coca-Cola Amatil $11.00 2 5 7 Sell
CDA Codan Limited $7.34 0 3 0 Hold
CGF Challenger Limited $8.22 3 9 2 Hold
CHC Charter Hall Group Stapled Securities US Prohibited $11.26 5 1 2 Buy
CIA Champion Iron Limited $2.81 10 1 0 Strong Buy
CIP Centuria I REIT Ordinary Units FP $3.49 1 4 0 Hold
CKF Collins Foods Limited $8.92 1 2 1 Hold
CLW CHTR H LWR FP Units Stapled Securities $5.48 2 1 1 Hold
CMA Centuria Metro REIT Ordinary Units FP $2.91 0 5 0 Hold
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.19 0 1 3 Strong Sell
COE Cooper Energy Limited $0.61 5 2 0 Strong Buy
COH Cochlear Limited $225.96 1 8 6 Sell
CQR Charter Hall Retail Units FP $4.31 1 5 4 Sell
CRN Coronado Global Res Cdi 10:1 US Prohibited Excluding QIB $2.21 6 2 0 Strong Buy
CSL CSL Limited $276.80 9 4 1 Buy
CSR CSR Limited $4.60 1 3 9 Strong Sell
CTX Caltex Australia $34.36 5 7 0 Buy
CUV Clinuvel Pharmaceut $27.97 1 0 0 Strong Buy
CWN Crown Resorts Limited $12.07 3 10 0 Hold
CWY Cleanaway Waste Limited $2.03 5 4 1 Buy
DHG Domain Holdings Aus $3.81 4 5 2 Hold
DOW Downer Edi Limited $8.17 4 3 1 Buy
DXS Dexus FP Units Stapled Securities $11.90 2 4 3 Hold
ELD Elders Limited $6.28 3 1 0 Strong Buy
EML EML Payments Limited $4.63 4 0 0 Strong Buy
EVN Evolution Mining Limited $3.92 3 8 3 Hold
EVT Event Hospitality $14.06 2 4 0 Buy
FLT Flight Centre Travel $44.35 5 10 0 Buy
FNP Freedom Food Limited $4.71 4 1 0 Strong Buy
GMG Goodman Group FP Ordinary/Units Stapled Securities $13.58 6 1 3 Hold
GNC Graincorp Limited Class A $7.68 2 3 1 Hold
GOR Gold Road Res Limited $1.405 5 2 1 Buy
GPT GPT Group FP Ordinary/Units Stapled Securities $5.79 0 8 2 Hold
HLS Healius $2.72 5 6 1 Buy
HVN Harvey Norman $4.13 1 6 4 Sell
IAG Insurance Australia $7.48 3 6 3 Hold
IEL Idp Education Limited $17.58 4 4 1 Buy
IFL IOOF Holdings Limited $7.90 3 4 3 Hold
ILU Iluka Resources $9.11 0 8 1 Hold
INA Ingenia Group FP Ordinary/Units Stapled Securities $4.79 1 1 0 Buy
ING Inghams Group $3.38 1 8 0 Hold
IPH IPH Limited $8.16 2 4 0 Buy
IPL Incitec Pivot $3.17 3 7 2 Hold
JHX James Hardie Indust Chess Depositary Interests 1:1 $28.28 9 1 3 Buy
JIN Jumbo Interactive $15.12 1 1 1 Hold
LIC Lifestyle Communit $9.34 1 1 1 Hold
LLC Lendlease Group FP Ordinary/Units Stapled Securities $17.80 6 1 2 Buy
LNK Link Admin HLDG $5.89 8 1 1 Strong Buy
LYC Lynas Corporation $2.31 3 0 0 Strong Buy
MFG Magellan Fin Group Limited $59.34 0 3 9 Strong Sell
MGR Mirvac Group FP Ordinary/Units Stapled Securities $3.23 3 2 5 Hold
MGX Mount Gibson Iron $0.98 1 2 0 Buy
MIN Mineral Resources $16.52 6 1 0 Strong Buy
MMS Mcmillan Shakespeare $12.88 1 6 0 Hold
MND Monadelphous Group $16.64 6 5 2 Hold
MP1 Megaport Limited $10.26 6 3 0 Buy
MPL Medibank Private Limited $3.18 2 5 5 Sell
MQG Macquarie Group Limited $137.63 8 6 0 Buy
MTS Metcash Limited $2.51 4 4 5 Hold
NCM Newcrest Mining $31.37 2 8 6 Sell
NEA Nearmap Limited $2.49 6 1 0 Strong Buy
NEC Nine Entertainment $1.83 9 1 0 Strong Buy
NHF Nib Holdings Limited $6.37 1 5 5 Sell
NST Northern Star $12.10 8 6 1 Buy
NUF Nufarm Limited $5.93 7 4 0 Buy
NWH NRW Holdings Limited $3.07 6 1 0 Strong Buy
NXT NEXTDC Limited $6.56 10 2 0 Strong Buy
ORG Origin Energy $8.58 11 2 0 Strong Buy
OSH Oil Search Limited 10 Toea $7.67 7 8 1 Buy
OZL OZ Minerals $10.68 9 3 4 Buy
PDL Pendal Group Limited $8.79 5 7 2 Hold
PGH Pact Group Holdings Limited $2.65 3 3 0 Buy
PME Pro Medicus Limited $22.12 2 5 0 Hold
PMV Premier Investments $19.15 5 3 3 Hold
PNV Polynovo Limited $1.815 2 2 0 Buy
PPT Perpetual Limited $41.40 0 9 3 Sell
PRN Perenti Global Limited $1.65 5 3 0 Buy
PRU Perseus Mining Limited $1.14 4 2 0 Buy
PTM Platinum Asset $4.45 0 4 7 Strong Sell
QAN Qantas Airways $7.00 6 3 2 Buy
QBE QBE Insurance Group $12.80 4 7 1 Hold
QUB QUBE Holdings Limited $3.34 2 5 4 Hold
REA REA Group $107.30 3 5 4 Hold
RHC Ramsay Health Care $72.78 4 8 2 Hold
RMS Ramelius Resources $1.37 3 1 0 Strong Buy
RWC Reliance Worldwide $4.03 8 6 0 Buy
S32 SOUTH32 Limited $2.72 7 16 1 Hold
SAR Saracen Mineral $3.55 6 3 0 Buy
SCG Scentre Group FP Ordinary/Units Stapled Securities $3.89 3 4 3 Hold
SCP Sca Property Group FP Units Stapled Securities $2.72 1 4 5 Sell
SDF Steadfast Group Limited $3.62 5 2 0 Strong Buy
SFR Sandfire Resources $5.99 7 9 1 Buy
SGM Sims Metal MGMT Limited $10.91 3 4 4 Hold
SGR The Star Ent Group $4.63 10 1 2 Buy
SHL Sonic Healthcare $29.21 3 9 1 Hold
SLR Silver Lake Resource $1.39 4 0 1 Buy
SOL Soul Pattinson (W.H) $21.81 1 0 1 Hold
SSM Service Stream $2.68 4 0 0 Strong Buy
STO Santos Limited $8.59 9 7 1 Buy
SUN Suncorp Group Limited $12.78 6 2 4 Hold
SVW Seven Group Holdings $19.44 6 1 0 Strong Buy
TAH Tabcorp Holdings Limited $4.53 3 7 3 Hold
TCL Transurban Group FP Ordinary/Units Stapled Securities $14.87 1 8 5 Sell
TLS Telstra Corporation $3.62 10 3 2 Buy
TNE Technology One $8.65 0 5 2 Sell
TWE Treasury Wine Estate $16.18 11 3 3 Buy
VAH Virgin Aus HLDG Limited $0.145 0 2 2 Sell
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.52 1 6 3 Hold
VEA Viva Energy Group $1.93 8 4 0 Buy
VVR Viva Energy REIT FP Ordinary/Units Stapled Securities $2.66 2 4 1 Hold
WBC Westpac Banking Corp $24.34 3 10 3 Hold
WEB Webjet Limited $13.10 4 3 1 Buy
WHC Whitehaven Coal $2.61 10 5 2 Buy
WOR Worley Limited $15.98 10 1 1 Strong Buy
WOW Woolworths Group Limited $36.31 2 5 6 Sell
WPL Woodside Petroleum $35.36 10 6 1 Buy
WTC Wisetech Global Limited $23.73 5 4 1 Buy
XRO Xero Limited $80.76 9 2 4 Buy
YAL Yancoal Aust Limited $2.92 1 1 0 Buy
Z1P ZIP Co Limited $3.45 5 2 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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