Icarus Signal New Entries For Today

This story features TABCORP HOLDINGS LIMITED, and other companies. For more info SHARE ANALYSIS: TAH

The company is included in ASX200, ASX300 and ALL-ORDS

Daily update on share prices and consensus price targets.

By Rudi Filapek-Vandyck

One thought for the day: maybe FNArena's Icarus Signal is telling the true story behind the curtains of today's share market shenanigans: investors continue seeking yield, which indicates there's not much out there in terms of risk appetite.

The list of stocks trading above target has now reduced to 21. This is what happens during a downturn.

The list of stocks trading in the vicinity of target welcomed five new members after yesterday's subdued price action. All of these stocks are dividend plays with Tabcorp ((TAH)), Goodman Fielder ((GFF)), Challenger Diversified ((CDI)) and Bunnings Warehouse ((BWP)) regular guests in this daily update. The real newcomer is Abacus Property Group ((ABP)) for which the Icarus Signal revealed two firm rejections above target earlier in the year. ABP is carried by an implied dividend yield well in excess of 7%. Are the securities setting themselves up for another rally above target?

The list of groups trading close below consensus target now counts 16 names. No newcomers were registered for stocks above target.

Investors should consider the information and data are provided for research purposes only.

Stocks <3% Below Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 ABP $ 2.22 $ 2.28 2.70% 2 BWP $ 1.83 $ 1.88 2.90% 3 CDI $ 0.55 $ 0.56 2.36% 4 GFF $ 1.03 $ 1.05 1.46% 5 TAH $ 3.11 $ 3.11 0.00%

Stocks Above Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%)

Top 50 Stocks Furthest from Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%)

To see the full Icarus Signal, please go to this link

Technical limitations

If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.

Click to view our Glossary of Financial Terms