Analyst recommendations have the power to move share prices. An upgrade from a “sell” recommendation to a “hold” can translate into a surge in the asking price of a stock. A move the other way can be just as dire.
The analysts’ opinions are just that – opinions – but in addition to their undeniable effect on share prices, they are also a useful benchmark for how “the street” views the value and prospects of a particular listed company. And understanding the momentum of a stock can provide a valuable insight into what kind of returns you might be able to expect in the coming months.
In the table below you can see the biggest changes in consensus analyst recommendations over the past three months, according to Bloomberg. We’ve also included the movements over a week, four weeks and six months for added context, and restricted the list to companies with at least three analysts covering them.
|1-week change||4-wk change||3-month change||6-month change||No. of analyst recomm’ns|
|MORTGAGE CHOICE||MOC||Mortgage broker||4.5||0.00||0.17||1.50||1.50||4|
|IPROPERTY GROUP||IPP||Online real estate advertising||4.3||0.00||0.00||1.33||0.33||3|
|GROWTHPOINT PROPERTY||GOZ||REITS – diversified||2.3||0.00||0.00||1.33||1.33||3|
|GALAXY RESOURCES||GXY||Diversified minerals||5.0||0.00||0.00||1.33||2.00||3|
|BLACKMORES||BKL||Vitamins & nutrition||4.2||0.00||0.20||0.87||0.00||5|
|AUSTIN ENGINEERING||ANG||Metal processors||4.7||0.00||0.00||0.86||0.46||7|