Australian Broker Call

Produced and copyrighted by at www.fnarena.com

December 09, 2020

Access Broker Call Report Archives here

COMPANIES DISCUSSED IN THIS ISSUE

Click on symbol for fast access.

The number next to the symbol represents the number of brokers covering it for this report -(if more than 1).

Last Updated: 05:00 PM

Your daily news report on the latest recommendation, valuation, forecast and opinion changes.

This report includes concise but limited reviews of research recently published by Stockbrokers, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end.

For more info about the different terms used by stockbrokers, as well as the different methodologies behind similar sounding ratings, download our guide HERE

Today's Upgrades and Downgrades
AGI - Ainsworth Game Techn Upgrade to Outperform from Neutral Macquarie
CIA - Champion Iron Downgrade to Sell from Neutral Citi
EHE - Estia Health Upgrade to Outperform from Neutral Macquarie
FMG - Fortescue Downgrade to Neutral from Buy Citi
WPL - Woodside Petroleum Downgrade to Hold from Accumulate Ord Minnett
ABP  ABACUS PROPERTY GROUP

REITs

More Research Tools In Stock Analysis - click HERE

Overnight Price: $3.15

Citi rates ABP as Neutral (3) -

Abacus Property Group is raising equity worth $402m with the proceeds intended to fund storage acquisitions and other opportunities.

The group has also revised its dividend guidance for the first half and now expects 8.5c, implying a payout ratio of about 95%. Assuming a flat dividend in the second half, Citi believes the group's FY21 funds from operations guidance of circa 17.9c will be circa 3% above Citi’s estimate.

Citi is of the view the equity raising will improve Abacus's balance sheet while allowing the group to continue to progress on its strategy of having a higher recurring income from a combined office and storage portfolio.

Neutral rating is retained with a target price of $2.53.

Target price is $2.53 Current Price is $3.15 Difference: minus $0.62 (current price is over target).
If ABP meets the Citi target it will return approximately minus 20% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $2.92, suggesting downside of -1.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Citi forecasts a full year FY21 dividend of 16.50 cents and EPS of 17.30 cents.
At the last closing share price the estimated dividend yield is 5.24%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.21.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.3, implying annual growth of 31.3%.

Current consensus DPS estimate is 17.3, implying a prospective dividend yield of 5.9%.

Current consensus EPS estimate suggests the PER is 17.1.

Forecast for FY22:

Citi forecasts a full year FY22 dividend of 16.50 cents and EPS of 17.20 cents.
At the last closing share price the estimated dividend yield is 5.24%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.31.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 18.7, implying annual growth of 8.1%.

Current consensus DPS estimate is 17.7, implying a prospective dividend yield of 6.0%.

Current consensus EPS estimate suggests the PER is 15.8.

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources


Macquarie rates ABP as No Rating (-1) -

Abacus Property has launched a $402m equity raising at $2.98 a share. Macquarie notes the company has deployed $926m in capital of which $413m has been in self-storage, or around 39% of the portfolio value.

The company has $160m of self-storage assets under consideration of which $130m is in advanced negotiations, likely to be completed in the third quarter of FY21. Macquarie is on research restrictions and cannot provide a rating or target at present.

Current Price is $3.15. Target price not assessed.

Current consensus price target is $2.92, suggesting downside of -1.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Macquarie forecasts a full year FY21 dividend of 18.60 cents and EPS of 18.80 cents.
At the last closing share price the estimated dividend yield is 5.90%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.3, implying annual growth of 31.3%.

Current consensus DPS estimate is 17.3, implying a prospective dividend yield of 5.9%.

Current consensus EPS estimate suggests the PER is 17.1.

Forecast for FY22:

Macquarie forecasts a full year FY22 dividend of 19.30 cents and EPS of 20.60 cents.
At the last closing share price the estimated dividend yield is 6.13%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.29.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 18.7, implying annual growth of 8.1%.

Current consensus DPS estimate is 17.7, implying a prospective dividend yield of 6.0%.

Current consensus EPS estimate suggests the PER is 15.8.

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources


Ord Minnett rates ABP as Hold (3) -

Abacus Property will undertake a $402m capital raising, initially to reduce debt and provide further funding capabilities. Ord Minnett was surprised by the size of the raising and calculates this is -8% dilutive to funds from operations per share.

Abacus has identified $160m in storage acquisitions and accelerated its acquisition-led growth. Nevertheless, the share price is weighed down by the office exposure, in the broker's view. Hold retained. Target is reduced to $3.10 from $3.20.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

Target price is $3.10 Current Price is $3.15 Difference: minus $0.05 (current price is over target).
If ABP meets the Ord Minnett target it will return approximately minus 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $2.92, suggesting downside of -1.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Ord Minnett forecasts a full year FY21 dividend of 16.00 cents and EPS of 14.00 cents.
At the last closing share price the estimated dividend yield is 5.08%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.50.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.3, implying annual growth of 31.3%.

Current consensus DPS estimate is 17.3, implying a prospective dividend yield of 5.9%.

Current consensus EPS estimate suggests the PER is 17.1.

Forecast for FY22:

Ord Minnett forecasts a full year FY22 dividend of 16.00 cents and EPS of 16.00 cents.
At the last closing share price the estimated dividend yield is 5.08%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.69.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 18.7, implying annual growth of 8.1%.

Current consensus DPS estimate is 17.7, implying a prospective dividend yield of 6.0%.

Current consensus EPS estimate suggests the PER is 15.8.

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

ABY  ADORE BEAUTY GROUP LIMITED

Household & Personal Products

More Research Tools In Stock Analysis - click HERE

Overnight Price: $5.12

UBS rates ABY as Initiation of coverage with Neutral (3) -

UBS initiates coverage on Adore Beauty Group with a Neutral rating and a target price of $6.20.

Adore Beauty Group is Australia's largest pure-play online retailer of beauty and personal care (BPC) products with a circa 10% online share.

Driven by a wide product range, strong online capabilities and a differentiated customer engagement strategy, UBS considers the group a good investment.

The broker believes the key opportunity for Adore is to increase brand awareness via marketing initiatives and expand its active customer base. Sales are expected to grow by 27% over FY20-25.

Target price is $6.20 Current Price is $5.12 Difference: $1.08
If ABY meets the UBS target it will return approximately 21% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY20:

Forecast for FY21:

UBS forecasts a full year FY21 dividend of 0.00 cents and EPS of 5.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 102.40.

Market Sentiment: 0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

ADH  ADAIRS LIMITED

Furniture & Renovation

More Research Tools In Stock Analysis - click HERE

Overnight Price: $3.31

Morgans rates ADH as Add (1) -

In the wake of a trading update (first 23 weeks of the first half FY21), Morgans assesses strong sales trends have continued.

The broker highlights the re-opening of Melbourne has seen in-store sales bounce back quickly, while online sales growth continues to show strong momentum.

Material upside to the current valuation/rating will depend on an ability to prove current elevated earnings levels are sustainable, believes the analyst. It’s considered this may take 6-12 months.

Morgans sees upside risk to second half forecasts, largely relating to gross margins and opex leverage.

The Add rating is maintained and the target price is increased to $4.00 from $3.92.

Target price is $4.00 Current Price is $3.31 Difference: $0.69
If ADH meets the Morgans target it will return approximately 21% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

Morgans forecasts a full year FY21 dividend of 27.00 cents and EPS of 39.00 cents.
At the last closing share price the estimated dividend yield is 8.16%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.49.

Forecast for FY22:

Morgans forecasts a full year FY22 dividend of 24.00 cents and EPS of 34.00 cents.
At the last closing share price the estimated dividend yield is 7.25%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.74.

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources


UPDATED

UBS rates ADH as Buy (1) -

Adairs' first-half sales guidance (between $235-245m) is in line with UBS's forecast with the operating income guidance of $62-66m about 30% ahead of broker estimate. Year to date first-half sales have been strong, observes UBS, and imply a recovery in the November store sales. 

With 2020 estimates only about 4% ahead of pre-covid levels, the pull forward risk is considered low by the broker. Key catalysts include normalising inventory availability and lease flexibility.

UBS reaffirms its Buy rating with the target price increasing to $4.20 from $4.

Target price is $4.20 Current Price is $3.31 Difference: $0.89
If ADH meets the UBS target it will return approximately 27% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

UBS forecasts a full year FY21 dividend of 25.90 cents and EPS of 36.00 cents.
At the last closing share price the estimated dividend yield is 7.82%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.19.

Forecast for FY22:

UBS forecasts a full year FY22 dividend of 20.60 cents and EPS of 27.80 cents.
At the last closing share price the estimated dividend yield is 6.22%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.91.

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

AGI  AINSWORTH GAME TECHNOLOGY LIMITED

Gaming

More Research Tools In Stock Analysis - click HERE

Overnight Price: $0.37

Macquarie rates AGI as Upgrade to Outperform from Neutral (1) -

Ainsworth Game appears likely to return to profitability in FY22 and Macquarie notes material operating leverage from improved volumes.

The broker believes slot products suppliers should be through the worst of the pandemic now, as most casinos around the world have reopened. The broker now forecasts a -$22m pre-tax loss in FY21.

Ainsworth should gain from opportunities in North America, with Kentucky Historical Horse Racing turnover at 30% above pre-pandemic levels.

The MTD Gaming acquisition should also deliver incremental sales, supported by an exclusive year deal with Golden Gaming in Montana. Macquarie upgrades to Outperform from Neutral and raises the target to $0.65 from $0.45.

Target price is $0.65 Current Price is $0.37 Difference: $0.28
If AGI meets the Macquarie target it will return approximately 76% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

Macquarie forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 5.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 7.40.

Forecast for FY22:

Macquarie forecasts a full year FY22 dividend of 0.00 cents and EPS of 0.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 46.25.

Market Sentiment: 0.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

AQR  APN CONVENIENCE RETAIL REIT

REITs

More Research Tools In Stock Analysis - click HERE

Overnight Price: $3.63

Ord Minnett rates AQR as Accumulate (2) -

The company has announced a $30m institutional placement and a $5m security purchase plan to partially fund the acquisition of 12 service stations.

Ord Minnett suspects the company has accelerated its acquisitions to offset any downtime or rental reversions from expiring leases.

Incremental earnings from the acquisitions should now underpin growth in FY22. Ord Minnett retains an Accumulate rating and raises the target to $3.87 from $3.82.

Target price is $3.87 Current Price is $3.63 Difference: $0.24
If AQR meets the Ord Minnett target it will return approximately 7% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

Ord Minnett forecasts a full year FY21 dividend of 21.80 cents and EPS of 21.90 cents.
At the last closing share price the estimated dividend yield is 6.01%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.58.

Forecast for FY22:

Ord Minnett forecasts a full year FY22 dividend of 23.00 cents and EPS of 23.30 cents.
At the last closing share price the estimated dividend yield is 6.34%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.58.

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

ARF  ARENA REIT

REITs

More Research Tools In Stock Analysis - click HERE

Overnight Price: $2.91

Credit Suisse rates ARF as Neutral (3) -

Credit Suisse revises FY21-23 estimates higher following the upgrade to FY21 distribution guidance.

The broker also now incorporates net acquisitions in the first half of $33.1m and development completions of $41m.

Neutral retained. Target is raised to $2.91 from $2.84.

Target price is $2.91 Current Price is $2.91 Difference: $0
If ARF meets the Credit Suisse target it will return approximately 0% (excluding dividends, fees and charges).

Current consensus price target is $2.88, suggesting downside of -0.7% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Credit Suisse forecasts a full year FY21 dividend of 15.00 cents and EPS of 15.00 cents.
At the last closing share price the estimated dividend yield is 5.15%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.40.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 14.7, implying annual growth of -42.2%.

Current consensus DPS estimate is 14.6, implying a prospective dividend yield of 5.0%.

Current consensus EPS estimate suggests the PER is 19.7.

Forecast for FY22:

Credit Suisse forecasts a full year FY22 dividend of 16.00 cents and EPS of 16.00 cents.
At the last closing share price the estimated dividend yield is 5.50%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.19.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 16.0, implying annual growth of 8.8%.

Current consensus DPS estimate is 15.8, implying a prospective dividend yield of 5.4%.

Current consensus EPS estimate suggests the PER is 18.1.

Market Sentiment: 0.7

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

AWC  ALUMINA LIMITED

Aluminium, Bauxite & Alumina

More Research Tools In Stock Analysis - click HERE

Overnight Price: $1.92

UPDATED

Citi rates AWC as Buy (1) -

Alumina Ltd's earnings estimates for 2020-21 have been revised up 3-5% on account of Citi raising its 2020-21 aluminium price forecasts by 1-7%. Even though Alumina's shares are up 30% in the last month, Citi thinks the company still offers good dividend support.

Buy rating is retained with the target rising to $2.20 from $1.80.

Target price is $2.20 Current Price is $1.92 Difference: $0.28
If AWC meets the Citi target it will return approximately 15% (excluding dividends, fees and charges).

Current consensus price target is $1.98, suggesting upside of 2.3% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY20:

Citi forecasts a full year FY20 dividend of 9.18 cents and EPS of 9.62 cents.
At the last closing share price the estimated dividend yield is 4.78%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.96.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 8.3, implying annual growth of N/A.

Current consensus DPS estimate is 8.0, implying a prospective dividend yield of 4.1%.

Current consensus EPS estimate suggests the PER is 23.3.

Forecast for FY21:

Citi forecasts a full year FY21 dividend of 11.37 cents and EPS of 12.39 cents.
At the last closing share price the estimated dividend yield is 5.92%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.50.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 9.0, implying annual growth of 8.4%.

Current consensus DPS estimate is 8.3, implying a prospective dividend yield of 4.3%.

Current consensus EPS estimate suggests the PER is 21.4.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.6

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

BHP  BHP GROUP

Bulks

More Research Tools In Stock Analysis - click HERE

Overnight Price: $42.25

UPDATED

Citi rates BHP as Neutral (3) -

Led by higher iron ore and copper forecasts and offset partially by lower 2021 hard coking coal price forecasts, Citi has raised BHP Group's FY21-22 earnings forecasts by 20-25%.

The broker expects Australian hard coking coal prices to rise to $130/t from the current spot levels of $102/t by mid-2021 before reaching $150/t in 2022 and 2023.

Citi retains its Neutral rating with the target rising to $45.70 from $40.

Target price is $45.70 Current Price is $42.25 Difference: $3.45
If BHP meets the Citi target it will return approximately 8% (excluding dividends, fees and charges).

Current consensus price target is $41.96, suggesting downside of -2.2% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Citi forecasts a full year FY21 dividend of 284.17 cents and EPS of 406.59 cents.
At the last closing share price the estimated dividend yield is 6.73%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.39.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 327.9, implying annual growth of N/A.

Current consensus DPS estimate is 223.4, implying a prospective dividend yield of 5.2%.

Current consensus EPS estimate suggests the PER is 13.1.

Forecast for FY22:

Citi forecasts a full year FY22 dividend of 306.03 cents and EPS of 435.73 cents.
At the last closing share price the estimated dividend yield is 7.24%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.70.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 311.9, implying annual growth of -4.9%.

Current consensus DPS estimate is 204.8, implying a prospective dividend yield of 4.8%.

Current consensus EPS estimate suggests the PER is 13.8.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.9

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

BOQ  BANK OF QUEENSLAND LIMITED

Banks

More Research Tools In Stock Analysis - click HERE

Overnight Price: $7.80

Ord Minnett rates BOQ as Hold (3) -

Bank of Queensland has revealed a continued reduction in housing and small business loans under deferral. Ord Minnett edits earnings forecasts to reflect lower credit costs.

The broker assesses the recent surge in the share price has stretched the relative valuation to peers and believes management needs to deliver on its transformation plan and improve deposits.

Hold maintained. Target rises to $7.50 from $6.70.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

Target price is $7.50 Current Price is $7.80 Difference: minus $0.3 (current price is over target).
If BOQ meets the Ord Minnett target it will return approximately minus 4% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $7.04, suggesting downside of -9.2% (ex-dividends)

The company's fiscal year ends in August.

Forecast for FY21:

Ord Minnett forecasts a full year FY21 dividend of 28.00 cents and EPS of 50.00 cents.
At the last closing share price the estimated dividend yield is 3.59%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.60.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 50.8, implying annual growth of 93.9%.

Current consensus DPS estimate is 24.3, implying a prospective dividend yield of 3.1%.

Current consensus EPS estimate suggests the PER is 15.3.

Forecast for FY22:

Ord Minnett forecasts a full year FY22 dividend of 36.00 cents and EPS of 54.00 cents.
At the last closing share price the estimated dividend yield is 4.62%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.44.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 56.8, implying annual growth of 11.8%.

Current consensus DPS estimate is 38.1, implying a prospective dividend yield of 4.9%.

Current consensus EPS estimate suggests the PER is 13.6.

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

CIA  CHAMPION IRON LIMITED

Iron Ore

More Research Tools In Stock Analysis - click HERE

Overnight Price: $5.08

UPDATED

Citi rates CIA as Downgrade to Sell from Neutral (5) -

Champion Iron is considered the star performer amongst global iron ore exposures. Citi has revised upwards its FY22-23 operating income forecasts by 26-59%.

Even so, the broker notes the shares price has risen by 60% in three months, surpassing the mid-term earnings changes.

Citi downgrades its rating to Sell from Neutral with the target price rising to $4.40 from $3.35.

Target price is $4.40 Current Price is $5.08 Difference: minus $0.68 (current price is over target).
If CIA meets the Citi target it will return approximately minus 13% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company's fiscal year ends in March.

Forecast for FY21:

Citi forecasts a full year FY21 dividend of 0.00 cents and EPS of 81.89 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.20.

Forecast for FY22:

Citi forecasts a full year FY22 dividend of 0.00 cents and EPS of 50.83 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.99.

This company reports in CAD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

DRR  DETERRA ROYALTIES LIMITED

Iron Ore

More Research Tools In Stock Analysis - click HERE

Overnight Price: $5.12

Citi rates DRR as Sell (5) -

Citi has raised its 2021 benchmark iron ore price forecast by 28% to US$115/t. The broker expects Deterra Royalties to generate a profit of $108m in FY22. FY23 earnings estimate has been raised by 23%.

Sell rating is maintained with the target rising to $4.50 from $3.40.

Target price is $4.50 Current Price is $5.12 Difference: minus $0.62 (current price is over target).
If DRR meets the Citi target it will return approximately minus 12% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $4.80, suggesting downside of -5.5% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY20:

Citi forecasts a full year FY20 dividend of 13.00 cents and EPS of 12.80 cents.
At the last closing share price the estimated dividend yield is 2.54%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 40.00.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 11.7, implying annual growth of N/A.

Current consensus DPS estimate is 6.3, implying a prospective dividend yield of 1.2%.

Current consensus EPS estimate suggests the PER is 43.4.

Forecast for FY21:

Citi forecasts a full year FY21 dividend of 16.00 cents and EPS of 15.90 cents.
At the last closing share price the estimated dividend yield is 3.13%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 32.20.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 13.8, implying annual growth of 17.9%.

Current consensus DPS estimate is 13.6, implying a prospective dividend yield of 2.7%.

Current consensus EPS estimate suggests the PER is 36.8.

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

EHE  ESTIA HEALTH LIMITED

Aged Care & Seniors

More Research Tools In Stock Analysis - click HERE

Overnight Price: $1.70

Macquarie rates EHE as Upgrade to Outperform from Neutral (1) -

Macquarie acknowledges the short-term outlook for the residential aged care sector is uncertain, yet increased government funding represents potential upside while corporate action is also a possibility.

The broker assesses Estia Health has lower relative earnings risk and a favourable balance sheet. Hence, the rating is upgraded to Outperform from Neutral. Target is raised to $1.95 from $1.70.

Target price is $1.95 Current Price is $1.70 Difference: $0.25
If EHE meets the Macquarie target it will return approximately 15% (excluding dividends, fees and charges).

Current consensus price target is $1.74, suggesting downside of -1.3% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Macquarie forecasts a full year FY21 dividend of 2.70 cents and EPS of 5.80 cents.
At the last closing share price the estimated dividend yield is 1.59%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 29.31.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 7.5, implying annual growth of N/A.

Current consensus DPS estimate is 3.4, implying a prospective dividend yield of 1.9%.

Current consensus EPS estimate suggests the PER is 23.5.

Forecast for FY22:

Macquarie forecasts a full year FY22 dividend of 10.80 cents and EPS of 10.80 cents.
At the last closing share price the estimated dividend yield is 6.35%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.74.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 10.2, implying annual growth of 36.0%.

Current consensus DPS estimate is 6.3, implying a prospective dividend yield of 3.6%.

Current consensus EPS estimate suggests the PER is 17.3.

Market Sentiment: 0.4

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

FMG  FORTESCUE METALS GROUP LTD

Iron Ore

More Research Tools In Stock Analysis - click HERE

Overnight Price: $21.46

UPDATED

Citi rates FMG as Downgrade to Neutral from Buy (3) -

Backed by Citi's revised iron ore price forecasts, the broker has revised Fortescue Metals Group's FY21-22 operating income and net profit forecasts up by 32-33% and 38-43% respectively. 

On the flip side, the company's shares are up 40% in the last six months.

Citi downgrades its rating to Neutral from Buy with the target rising to $21 from $18.50.

Target price is $21.00 Current Price is $21.46 Difference: minus $0.46 (current price is over target).
If FMG meets the Citi target it will return approximately minus 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $18.54, suggesting downside of -14.6% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Citi forecasts a full year FY21 dividend of 418.25 cents and EPS of 385.17 cents.
At the last closing share price the estimated dividend yield is 19.49%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.57.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 284.8, implying annual growth of N/A.

Current consensus DPS estimate is 269.7, implying a prospective dividend yield of 12.4%.

Current consensus EPS estimate suggests the PER is 7.6.

Forecast for FY22:

Citi forecasts a full year FY22 dividend of 269.60 cents and EPS of 252.99 cents.
At the last closing share price the estimated dividend yield is 12.56%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.48.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 177.8, implying annual growth of -37.6%.

Current consensus DPS estimate is 189.8, implying a prospective dividend yield of 8.7%.

Current consensus EPS estimate suggests the PER is 12.2.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

GEM  G8 EDUCATION LIMITED

Childcare

More Research Tools In Stock Analysis - click HERE

Overnight Price: $1.21

UPDATED

UBS rates GEM as Buy (1) -

Even though G8 Education's underpayment of the staff for 6.5 years is a negative, UBS believes this is distracting investors from the company's improving operating conditions. Group occupancy improved to 75.5% in November from 69% in August.

The broker continues to believe G8 Education will be a key beneficiary of a covid-19 vaccination.

UBS retains its Buy rating with the target price falling to $1.40 from $1.52.

Target price is $1.40 Current Price is $1.21 Difference: $0.19
If GEM meets the UBS target it will return approximately 16% (excluding dividends, fees and charges).

Current consensus price target is $1.09, suggesting downside of -11.1% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY20:

UBS forecasts a full year FY20 dividend of 0.00 cents and EPS of 9.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.87.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 4.9, implying annual growth of -64.1%.

Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.

Current consensus EPS estimate suggests the PER is 25.1.

Forecast for FY21:

UBS forecasts a full year FY21 dividend of 3.70 cents and EPS of 5.30 cents.
At the last closing share price the estimated dividend yield is 3.06%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.83.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 4.1, implying annual growth of -16.3%.

Current consensus DPS estimate is 3.8, implying a prospective dividend yield of 3.1%.

Current consensus EPS estimate suggests the PER is 30.0.

Market Sentiment: 0.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

GXY  GALAXY RESOURCES LIMITED

New Battery Elements

More Research Tools In Stock Analysis - click HERE

Overnight Price: $2.16

Citi rates GXY as Neutral (3) -

Citi notes the recent momentum indicates the market is ascribing higher multiples to the battery materials theme. Within battery materials, the broker prefers lithium exposure due to less risk of substitution, highest leverage to electric vehicles growth and price upside potential.

Neutral rating is retained with the target rising to $2.50 from $2.05.

Target price is $2.50 Current Price is $2.16 Difference: $0.34
If GXY meets the Citi target it will return approximately 16% (excluding dividends, fees and charges).

Current consensus price target is $1.83, suggesting downside of -11.0% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY20:

Citi forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 1.02 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 211.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -3.9, implying annual growth of N/A.

Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.

Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY21:

Citi forecasts a full year FY21 dividend of 0.00 cents and EPS of 2.19 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 98.81.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -2.5, implying annual growth of N/A.

Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.

Current consensus EPS estimate suggests the PER is N/A.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: -0.2

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

JIN  JUMBO INTERACTIVE LIMITED

Gaming

More Research Tools In Stock Analysis - click HERE

Overnight Price: $13.78

UPDATED

UBS rates JIN as Initiation of coverage with Neutral (3) -

UBS initiates coverage on Jumbo Interactive with a Neutral rating and a target price of $14.10.

UBS notes Jumbo Interactive is Australia's only pure-play exposure to online lottery ticket sales. Furthermore, the company is exposed to the conversion of lottery tickets to online which is expected to underpin growth for some time.

With Tabcorp Holdings ((TAH)) continuing to gain share online, the broker prefers to be cautious and would like the trend to stabilise before becoming more constructive.

Target price is $14.10 Current Price is $13.78 Difference: $0.32
If JIN meets the UBS target it will return approximately 2% (excluding dividends, fees and charges).

Current consensus price target is $14.10, suggesting upside of 8.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

UBS forecasts a full year FY21 dividend of 37.00 cents and EPS of 43.00 cents.
At the last closing share price the estimated dividend yield is 2.69%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 32.05.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 45.3, implying annual growth of 9.2%.

Current consensus DPS estimate is 38.5, implying a prospective dividend yield of 3.0%.

Current consensus EPS estimate suggests the PER is 28.8.

Forecast for FY22:

UBS forecasts a full year FY22 dividend of 40.00 cents and EPS of 46.00 cents.
At the last closing share price the estimated dividend yield is 2.90%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 29.96.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 49.0, implying annual growth of 8.2%.

Current consensus DPS estimate is 42.0, implying a prospective dividend yield of 3.2%.

Current consensus EPS estimate suggests the PER is 26.6.

Market Sentiment: 0.7

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

MGX  MOUNT GIBSON IRON LIMITED

Iron Ore

More Research Tools In Stock Analysis - click HERE

Overnight Price: $0.90

UPDATED

Citi rates MGX as Buy (1) -

Mount Gibson Iron's FY21-22 operating income forecasts have been revised up by 30-45%. Citi expects net cash to increase to $1.24bn by the end of FY23.

Mount Gibson Iron aims to make an acquisition as Koolan Island has a limited mine life. Citi thinks this is both an opportunity and a risk for the investors depending on the asset and price.

Citi reaffirms its Buy rating with the target price increasing to $1.15 from $1.

Target price is $1.15 Current Price is $0.90 Difference: $0.25
If MGX meets the Citi target it will return approximately 28% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

Citi forecasts a full year FY21 dividend of 3.00 cents and EPS of 17.40 cents.
At the last closing share price the estimated dividend yield is 3.33%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.17.

Forecast for FY22:

Citi forecasts a full year FY22 dividend of 0.00 cents and EPS of 26.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 3.36.

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

ORG  ORIGIN ENERGY LIMITED

NatGas

More Research Tools In Stock Analysis - click HERE

Overnight Price: $5.19

Ord Minnett rates ORG as Buy (1) -

Ord Minnett observes wholesale electricity prices are weak, amid low fuel costs and the roll-out of new renewable supply. The broker suggests current prices are unsustainable as few baseload generators are able to make appropriate returns.

The broker believes the market is yet to account fully for the impact of lower electricity prices on Origin Energy's future earnings. Ord Minnett downgrades estimates to factor this in and lowers the target to $6.10 from $7.35. A Buy rating is retained on valuation.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

Target price is $6.10 Current Price is $5.19 Difference: $0.91
If ORG meets the Ord Minnett target it will return approximately 18% (excluding dividends, fees and charges).

Current consensus price target is $6.24, suggesting upside of 21.4% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Ord Minnett forecasts a full year FY21 dividend of 25.00 cents and EPS of 19.00 cents.
At the last closing share price the estimated dividend yield is 4.82%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 27.32.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 22.0, implying annual growth of 368.1%.

Current consensus DPS estimate is 20.1, implying a prospective dividend yield of 3.9%.

Current consensus EPS estimate suggests the PER is 23.4.

Forecast for FY22:

Ord Minnett forecasts a full year FY22 dividend of 29.00 cents and EPS of 26.00 cents.
At the last closing share price the estimated dividend yield is 5.59%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.96.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 28.1, implying annual growth of 27.7%.

Current consensus DPS estimate is 24.4, implying a prospective dividend yield of 4.7%.

Current consensus EPS estimate suggests the PER is 18.3.

Market Sentiment: 0.6

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

RIO  RIO TINTO LIMITED

Bulks

More Research Tools In Stock Analysis - click HERE

Overnight Price: $115.02

UPDATED

Citi rates RIO as Buy (1) -

Rio Tinto's 2021-22 earnings forecasts have been raised by 24-39% given the higher prices of iron ore, aluminium and copper.

Citi believes the company has a strong dividend capacity with net cash of circa US$1bn (2020-end) expected to rise to $3bn by end of 2021.

Citi retains a Buy rating with the target rising to $125 from $115.

Target price is $125.00 Current Price is $115.02 Difference: $9.98
If RIO meets the Citi target it will return approximately 9% (excluding dividends, fees and charges).

Current consensus price target is $109.50, suggesting downside of -5.3% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY20:

Citi forecasts a full year FY20 dividend of 744.68 cents and EPS of 1077.09 cents.
At the last closing share price the estimated dividend yield is 6.47%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.68.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 938.5, implying annual growth of N/A.

Current consensus DPS estimate is 599.2, implying a prospective dividend yield of 5.2%.

Current consensus EPS estimate suggests the PER is 12.3.

Forecast for FY21:

Citi forecasts a full year FY21 dividend of 1197.90 cents and EPS of 1497.67 cents.
At the last closing share price the estimated dividend yield is 10.41%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.68.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1059.4, implying annual growth of 12.9%.

Current consensus DPS estimate is 746.5, implying a prospective dividend yield of 6.5%.

Current consensus EPS estimate suggests the PER is 10.9.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.4

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

S32  SOUTH32 LIMITED

Mining

More Research Tools In Stock Analysis - click HERE

Overnight Price: $2.59

Citi rates S32 as Buy (1) -

South32's FY21 earnings forecast is revised down -9% due to lower expected hard coking coal and silver prices. The earnings forecast for FY22 has been revised up by 8% on the back of higher expected aluminium, zinc and silver prices.

Citi expects S32’s balance sheet to be net cash at $1.1bn at end of FY22.

Buy rating is retained with the target rising to $3 from $2.60.

Target price is $3.00 Current Price is $2.59 Difference: $0.41
If S32 meets the Citi target it will return approximately 16% (excluding dividends, fees and charges).

Current consensus price target is $2.74, suggesting upside of 4.7% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Citi forecasts a full year FY21 dividend of 8.45 cents and EPS of 16.91 cents.
At the last closing share price the estimated dividend yield is 3.26%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.32.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 10.8, implying annual growth of N/A.

Current consensus DPS estimate is 5.2, implying a prospective dividend yield of 2.0%.

Current consensus EPS estimate suggests the PER is 24.3.

Forecast for FY22:

Citi forecasts a full year FY22 dividend of 16.03 cents and EPS of 31.04 cents.
At the last closing share price the estimated dividend yield is 6.19%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.34.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 15.9, implying annual growth of 47.2%.

Current consensus DPS estimate is 7.8, implying a prospective dividend yield of 3.0%.

Current consensus EPS estimate suggests the PER is 16.5.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.7

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

SGM  SIMS LIMITED

Steel & Scrap

More Research Tools In Stock Analysis - click HERE

Overnight Price: $13.00

Morgan Stanley rates SGM as Equal-weight (3) -

Scrap prices have improved, although Morgan Stanley expects lockdowns will limit the upside to volumes during the northern hemisphere winter.

The broker suggests the worst has passed for Sims and the robust balance sheet and restructured cost base mean the business is well-positioned. Despite potential trading opportunities, the broker believes the valuation remains fair.

Equal-weight rating retained. Target is raised to $12.00 from $9.50. Industry view is Cautious.

Target price is $12.00 Current Price is $13.00 Difference: minus $1 (current price is over target).
If SGM meets the Morgan Stanley target it will return approximately minus 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $10.96, suggesting downside of -13.8% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Morgan Stanley forecasts a full year FY21 dividend of 14.00 cents and EPS of 39.00 cents.
At the last closing share price the estimated dividend yield is 1.08%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 33.33.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 26.4, implying annual growth of N/A.

Current consensus DPS estimate is 5.7, implying a prospective dividend yield of 0.4%.

Current consensus EPS estimate suggests the PER is 48.1.

Forecast for FY22:

Morgan Stanley forecasts a full year FY22 dividend of 18.00 cents and EPS of 64.00 cents.
At the last closing share price the estimated dividend yield is 1.38%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.31.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 56.5, implying annual growth of 114.0%.

Current consensus DPS estimate is 21.0, implying a prospective dividend yield of 1.7%.

Current consensus EPS estimate suggests the PER is 22.5.

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

WPL  WOODSIDE PETROLEUM LIMITED

NatGas

More Research Tools In Stock Analysis - click HERE

Overnight Price: $23.11

Citi rates WPL as Neutral (3) -

Woodside Petroleum disclosed CEO Peter Coleman will be retiring in the second half of 2021. Citi notes the board looks committed to the strategy of sanctioning Pluto-2 to process Scarborough.

Citi believes CEO Coleman will continue to progress the projects towards a final investment decision with key commercial decisions, such as a Scarborough-Pluto tolling agreement, expected to be concluded during the first half.

Citi retains a Neutral rating with a target price of $22.36.

Target price is $22.36 Current Price is $23.11 Difference: minus $0.75 (current price is over target).
If WPL meets the Citi target it will return approximately minus 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $23.58, suggesting upside of 3.4% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY20:

Citi forecasts a full year FY20 dividend of 71.41 cents and EPS of 88.75 cents.
At the last closing share price the estimated dividend yield is 3.09%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.04.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 66.9, implying annual growth of N/A.

Current consensus DPS estimate is 51.3, implying a prospective dividend yield of 2.2%.

Current consensus EPS estimate suggests the PER is 34.1.

Forecast for FY21:

Citi forecasts a full year FY21 dividend of 107.84 cents and EPS of 134.95 cents.
At the last closing share price the estimated dividend yield is 4.67%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.13.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 99.2, implying annual growth of 48.3%.

Current consensus DPS estimate is 72.1, implying a prospective dividend yield of 3.2%.

Current consensus EPS estimate suggests the PER is 23.0.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.6

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources


Ord Minnett rates WPL as Downgrade to Hold from Accumulate (3) -

Woodside Petroleum has given notice the current CEO will retire mid 2021. Management has assured the market the current strategic plan will be retained, although in Ord Minnett's view the announcement is a surprise and comes at a critical time.

There are particularly important negotiations underway with joint-venture partners as well as a final investment decision due on the Scarborough/Pluto train 2.

The broker downgrades, the second in two days, to Hold from Accumulate. Target is $23.80.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

Target price is $23.80 Current Price is $23.11 Difference: $0.69
If WPL meets the Ord Minnett target it will return approximately 3% (excluding dividends, fees and charges).

Current consensus price target is $23.58, suggesting upside of 3.4% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY20:

Ord Minnett forecasts a full year FY20 dividend of 48.09 cents and EPS of 64.12 cents.
At the last closing share price the estimated dividend yield is 2.08%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 36.04.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 66.9, implying annual growth of N/A.

Current consensus DPS estimate is 51.3, implying a prospective dividend yield of 2.2%.

Current consensus EPS estimate suggests the PER is 34.1.

Forecast for FY21:

Ord Minnett forecasts a full year FY21 dividend of 65.58 cents and EPS of 84.52 cents.
At the last closing share price the estimated dividend yield is 2.84%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 27.34.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 99.2, implying annual growth of 48.3%.

Current consensus DPS estimate is 72.1, implying a prospective dividend yield of 3.2%.

Current consensus EPS estimate suggests the PER is 23.0.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.6

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Today's Price Target Changes
Company Last Price Broker New Target Prev Target Change
ABP Abacus Property Group $2.95 Macquarie N/A 3.11 -100.00%
Ord Minnett 3.10 3.20 -3.13%
ADH Adairs $3.47 Morgans 4.00 3.92 2.04%
UBS 4.20 4.00 5.00%
AGI Ainsworth Game Techn $0.45 Macquarie 0.65 0.45 44.44%
AQR Apn Convenience Retail Reit $3.60 Ord Minnett 3.87 3.82 1.31%
ARF Arena Reit $2.90 Credit Suisse 2.91 2.84 2.46%
AWC Alumina $1.93 Citi 2.20 1.80 22.22%
BHP BHP $42.89 Citi 45.70 40.00 14.25%
BOQ Bank Of Queensland $7.75 Ord Minnett 7.50 6.70 11.94%
CIA Champion Iron $5.20 Citi 4.40 3.35 31.34%
DRR DETERRA ROYALTIES $5.08 Citi 4.50 3.40 32.35%
EHE Estia Health $1.76 Macquarie 1.95 1.70 14.71%
FMG Fortescue $21.72 Citi 21.00 18.50 13.51%
GEM G8 Education $1.23 UBS 1.40 1.52 -7.89%
GXY Galaxy Resources $2.05 Citi 2.50 2.05 21.95%
JHC Japara Healthcare $0.70 Macquarie 0.75 0.54 38.89%
MGX Mount Gibson Iron $0.92 Citi 1.15 1.00 15.00%
ORE Orocobre $4.01 Citi 5.00 3.40 47.06%
ORG Origin Energy $5.14 Ord Minnett 6.10 7.35 -17.01%
OZL Oz Minerals $18.87 Citi 19.10 15.40 24.03%
PLS Pilbara Minerals $0.86 Citi 0.70 0.32 118.75%
REG Regis Healthcare $1.85 Macquarie 2.00 1.85 8.11%
RIO Rio Tinto $115.67 Citi 125.00 115.00 8.70%
S32 South32 $2.62 Citi 3.00 2.60 15.38%
SFR Sandfire $5.80 Citi 6.00 5.50 9.09%
SGM Sims $12.71 Morgan Stanley 12.00 9.50 26.32%
WSA Western Areas $2.48 Citi 2.65 2.35 12.77%
Summaries
ABP Abacus Property Group Neutral - Citi Overnight Price $3.15
No Rating - Macquarie Overnight Price $3.15
Hold - Ord Minnett Overnight Price $3.15
ABY ADORE BEAUTY GROUP Initiation of coverage with Neutral - UBS Overnight Price $5.12
ADH Adairs Add - Morgans Overnight Price $3.31
Buy - UBS Overnight Price $3.31
AGI Ainsworth Game Techn Upgrade to Outperform from Neutral - Macquarie Overnight Price $0.37
AQR Apn Convenience Retail Reit Accumulate - Ord Minnett Overnight Price $3.63
ARF Arena Reit Neutral - Credit Suisse Overnight Price $2.91
AWC Alumina Buy - Citi Overnight Price $1.92
BHP BHP Neutral - Citi Overnight Price $42.25
BOQ Bank Of Queensland Hold - Ord Minnett Overnight Price $7.80
CIA Champion Iron Downgrade to Sell from Neutral - Citi Overnight Price $5.08
DRR DETERRA ROYALTIES Sell - Citi Overnight Price $5.12
EHE Estia Health Upgrade to Outperform from Neutral - Macquarie Overnight Price $1.70
FMG Fortescue Downgrade to Neutral from Buy - Citi Overnight Price $21.46
GEM G8 Education Buy - UBS Overnight Price $1.21
GXY Galaxy Resources Neutral - Citi Overnight Price $2.16
JIN Jumbo Interactive Initiation of coverage with Neutral - UBS Overnight Price $13.78
MGX Mount Gibson Iron Buy - Citi Overnight Price $0.90
ORG Origin Energy Buy - Ord Minnett Overnight Price $5.19
RIO Rio Tinto Buy - Citi Overnight Price $115.02
S32 South32 Buy - Citi Overnight Price $2.59
SGM Sims Equal-weight - Morgan Stanley Overnight Price $13.00
WPL Woodside Petroleum Neutral - Citi Overnight Price $23.11
Downgrade to Hold from Accumulate - Ord Minnett Overnight Price $23.11
RATING SUMMARY
Rating No. Of Recommendations
1. Buy

10

2. Accumulate

1

3. Hold

12

5. Sell

2

Wednesday 09 December 2020

Access Broker Call Report Archives here

Disclaimer:
The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.