Consensus Recommendations (22 February 2018)

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 This leads to outdated consensus data.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 several 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 $6.78 3 8 2 Hold
ABP Abacus Property Group Units/ Stapled Securities $3.48 0 4 0 Hold
AGL AGL Energy Limited $22.50 5 3 3 Hold
ALL Aristocrat Leisure $24.70 8 4 0 Buy
ALQ Als Limited $7.00 4 4 3 Hold
ALU Altium Limited $18.98 2 4 0 Buy
AMC Amcor Limited $14.06 4 5 1 Hold
AMP AMP Limited $5.23 6 7 1 Buy
ANN Ansell Limited $24.72 3 4 3 Hold
ANZ ANZ Banking Group Limited $28.12 6 7 1 Buy
AOG Aveo Group Ordinary/Units FP Stapled Securities $2.65 6 0 0 Strong Buy
APA APA Group Units FP Stapled Securities $0.00 4 5 3 Hold
APE A.P. Eagers Limited $8.40 1 4 1 Hold
ARB ARB Corporation $18.90 2 3 2 Hold
AST Ausnet Services Limited $1.645 1 6 4 Sell
ASX ASX Limited $57.73 0 5 8 Strong Sell
AWC Alumina Limited $2.30 8 2 2 Buy
AZJ Aurizon Holdings Limited $4.61 2 5 4 Hold
BAL Bellamy's Australia $15.84 3 2 0 Buy
BAP Bapcor Limited $5.57 5 0 0 Strong Buy
BEN Bendigo and Adelaide $11.22 1 9 3 Hold
BHP BHP Billiton Limited $29.81 8 7 2 Buy
BKW Brickworks Limited $14.67 3 4 0 Buy
BLD Boral Limited $7.87 6 5 0 Buy
BOQ Bank of Queensland $12.37 1 9 4 Sell
BPT Beach Energy Limited $1.33 2 5 6 Sell
BRG Breville Group Limited $13.04 2 6 0 Hold
BSL Bluescope Steel Limited $15.98 6 2 1 Buy
BTT BT Investment MNGMNT $10.57 5 7 0 Buy
BWP BWP Trust Ordinary Units FP $2.93 0 4 4 Sell
BXB Brambles Limited $9.57 3 6 1 Hold
CAR Carsales.com Limited $14.27 4 9 3 Hold
CBA Commonwealth Bank $74.33 4 7 3 Hold
CCL Coca-Cola Amatil $8.83 5 5 4 Hold
CGC Costa Group Holdings $6.06 1 4 0 Hold
CGF Challenger Limited $12.54 4 8 2 Hold
CHC Charter Hall Group Stapled Securities US Prohibited $5.84 4 3 3 Hold
CIM Cimic Group Limited $45.70 1 3 3 Sell
CMW Cromwell Prop Ordinary/Units FP Stapled Securities $0.98 0 4 3 Sell
COH Cochlear Limited $178.47 0 7 4 Sell
CPU Computershare Limited $18.01 3 8 2 Hold
CQR Charter Hall Retail Units FP $3.77 1 6 3 Hold
CSL CSL Limited $156.85 7 4 0 Buy
CSR CSR Limited $4.98 2 6 4 Hold
CTD Corp Travel Limited $24.31 5 2 0 Strong Buy
CTX Caltex Australia $33.90 5 4 1 Buy
CWN Crown Resorts Limited $12.50 2 6 1 Hold
CWY Cleanaway Waste Limited $1.52 2 3 0 Buy
DHG Domain Holdings Aus $3.10 5 3 3 Hold
DLX Duluxgroup Limited $7.50 1 4 4 Sell
DMP Domino PIZZA Enterpr $42.50 5 5 2 Hold
DOW Downer Edi Limited $6.80 4 3 1 Buy
DXS Dexus Units FP Stapled $9.37 5 5 3 Hold
EVN Evolution Mining Limited $2.81 5 9 1 Hold
EVT Event Hospitality $13.88 3 2 0 Buy
FLT Flight Centre Travel $50.07 4 4 4 Hold
FMG Fortescue Metals Group $5.11 11 6 4 Buy
FXJ Fairfax Media Limited $0.695 3 8 1 Hold
GEM G8 Education Limited $3.17 6 3 0 Buy
GMG Goodman Group Stapled Securities FP $8.26 6 5 1 Buy
GNC Graincorp Limited Class A $7.76 4 5 0 Buy
GOZ Growthpoint Property Unit/ Stapled Securities $3.16 0 2 3 Strong Sell
GPT GPT Group Stapled Securities FP $4.79 4 8 1 Hold
HSO Healthscope Limited $1.915 3 4 3 Hold
HVN Harvey Norman $4.44 2 3 5 Sell
IAG Insurance Australia $7.86 4 8 1 Hold
IEL Idp Education Limited $7.00 4 2 1 Buy
IFL IOOF Holdings Limited $10.41 8 3 1 Buy
IGO Independence Group $4.80 3 9 5 Hold
ILU Iluka Resources $9.62 4 5 2 Hold
IOF Investa Office Fund Stapled Securities $4.25 2 7 2 Hold
IPL Incitec Pivot $3.68 4 6 1 Hold
IVC Invocare Limited $14.10 2 3 4 Sell
JBH JB Hi-Fi Limited $27.66 6 4 3 Hold
JHX James Hardie Indust Chess Depositary Interests 1:1 $23.14 6 4 1 Buy
LLC Lendlease Group Unit/ Stapled Securities $17.00 7 4 0 Buy
LNK Link Admin HLDG $8.69 6 2 0 Strong Buy
MFG Magellan Fin Group Limited $24.65 6 3 0 Buy
MGR Mirvac Group Stapled Securities $2.12 7 3 3 Hold
MIN Mineral Resources $19.49 3 1 0 Strong Buy
MND Monadelphous Group $18.10 1 2 9 Strong Sell
MPL Medibank Private Limited $3.24 3 6 4 Hold
MQA MACQ Atlas Roads Group Ordinary Stapled Securities $5.47 5 1 1 Buy
MQG Macquarie Group Limited $102.95 7 5 1 Buy
MTS Metcash Limited $3.20 3 4 4 Hold
NAB National Aust. Bank $29.38 10 2 2 Buy
NCM Newcrest Mining $21.95 7 6 4 Hold
NEC Nine Entertainment $1.695 3 2 3 Hold
NHC New Hope Corporation $2.20 1 3 0 Hold
NHF Nib Holdings Limited $6.95 1 8 3 Hold
NST Northern Star $6.02 3 9 5 Hold
NUF Nufarm Limited $8.21 6 5 1 Buy
NVT Navitas Limited $4.99 0 7 2 Sell
NWL Netwealth Group $6.25 1 2 1 Hold
NXT NEXTDC Limited $6.10 8 3 0 Strong Buy
ORA Orora Limited $3.40 5 4 1 Buy
ORE Orocobre Limited $6.60 7 4 1 Buy
ORG Origin Energy $9.32 6 6 0 Buy
ORI Orica Limited $18.90 2 6 3 Hold
OSH Oil Search Limited 10 Toea $7.58 5 7 2 Hold
OZL OZ Minerals $8.91 7 7 4 Hold
PGH Pact Group Holdings Limited $5.23 3 4 0 Buy
PMV Premier Investments $14.00 6 5 1 Buy
PPT Perpetual Limited $52.87 1 8 3 Hold
PRY Primary Health Care $3.86 1 3 6 Sell
PTM Platinum Asset $7.75 0 5 3 Sell
QAN Qantas Airways $5.27 6 1 1 Buy
QBE QBE Insurance Group $10.56 7 4 2 Buy
QUB QUBE Holdings Limited $2.51 3 5 2 Hold
REA REA Group $78.79 6 7 1 Buy
REH Reece Limited $9.55 2 0 0 Strong Buy
RHC Ramsay Health Care $68.95 5 6 0 Buy
RIO RIO Tinto Limited $80.26 9 4 2 Buy
RRL Regis Resources $4.10 4 7 5 Hold
RWC Reliance Worldwide $4.10 4 2 3 Hold
S32 SOUTH32 Limited $3.13 3 7 14 Sell
SBM ST Barbara Limited $3.82 1 3 4 Sell
SCG Scentre Group Stapled Securities $3.89 9 3 1 Buy
SCP Sca Property Group Units FP Stapled Securities $2.24 0 7 1 Hold
SDF Steadfast Group Limited $2.50 6 0 0 Strong Buy
SEK Seek Limited $19.65 2 6 6 Sell
SGM Sims Metal MGMT Limited $16.70 3 3 2 Hold
SGP Stockland Units/ Stapled Securities $4.11 8 4 1 Buy
SGR The Star Ent Group $5.44 8 3 0 Strong Buy
SHL Sonic Healthcare $24.04 2 6 2 Hold
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.34 4 5 2 Hold
SOL Soul Pattinson (W.H) $17.22 0 1 0 Hold
SRX Sirtex Medical $27.68 2 5 0 Hold
STO Santos Limited $5.02 3 8 4 Hold
SUL Super Ret Rep Limited $7.35 7 4 1 Buy
SUN Suncorp Group Limited $13.15 9 2 2 Buy
SVW Seven Group Holdings $18.40 3 1 1 Buy
SYD SYD Airport FP Stapled Securities US Prohibited $6.52 9 3 0 Strong Buy
TAH Tabcorp Holdings Limited $4.71 7 2 1 Buy
TCL Transurban Group Ordinary Shares/Units FP Triple Stapled $11.69 9 3 0 Strong Buy
TLS Telstra Corporation $3.43 5 7 4 Hold
TPM TPG Telecom Limited $6.17 4 6 4 Hold
TWE Treasury Wine Estate $18.00 5 4 3 Hold
VAH Virgin Aus HLDG Limited $0.24 0 1 4 Strong Sell
VCX Vicinity Centres Ordinary/Units FP Stapled Securities $2.52 4 6 2 Hold
VOC Vocus Group Limited $2.41 2 8 3 Hold
VVR Viva Energy REIT Stapled Securities $1.985 2 2 0 Buy
WBC Westpac Banking Corp $30.17 7 6 1 Buy
WES Wesfarmers Limited $41.99 3 6 5 Hold
WFD Westfield Corp Stapled Securities $8.62 5 2 0 Strong Buy
WHC Whitehaven Coal $4.40 7 5 4 Hold
WOR Worleyparsons Limited $15.20 7 1 2 Buy
WOW Woolworths Group Limited $27.56 5 4 5 Hold
WPL Woodside Petroleum $29.42 7 2 5 Hold
WTC Wisetech Global Limited $11.25 3 1 4 Hold

NOTE: Share prices as at previous close. Some companies aren’t covered by all eight stockbrokers. Analysts tend to produce more reports with a “Buy” than a “Sell” so the number of recommendations generally favour the buy side.



Follow us to get
Consensus Data in your feed