Icarus Signal New Entries For Today

Daily update on share prices and consensus price targets.

By Rudi Filapek-Vandyck

Today's update is all about the letter C as two companies whose ASX-code starts with the third letter of the alphabet have caught Icarus' attention. Both seem to point towards a diverging state of mind, which can probably serve as the perfect illustration for what is happening in the Australian share market this month.

On one hand Icarus couldn't help but noticing that CommBank ((CBA)) shares are back. Back near their consensus price target that is, and what indicator in the share market is a better signal that, at least part of those still active in the market, investors are willing to add more risk to their portfolios? For those who are familiar with my personal observations regarding banks and investor risk appetite, it's probably a comfortable observation the other three are still many percentages away from their respective targets. (See Stock Analysis for more details).

On the other hand, Commonwealth Office Property Fund ((CPA)) is also back near target and that can only be a signal that another section of market participants prefers to remain on the safe side, seeking out reliable dividend yields. CPA securities are less than 3% away from their target and at these price levels the implied dividend pay-out is on the edge of falling below 6%. Note CPA proved extremely popular back in June and August too.

There are now 26 stocks trading close but still below consensus target. Only Myer ((MYR)) tumbled from this list because of share price weakness yesterday. Six others were promoted to the group trading above target which now counts 39 names, including, believe it or not, Hastie Group ((HST)) and more than just a handful of corporate targets.

The Bottom 50 remains prime territory for smaller resources stocks. Today Beadell Resources ((BDR)) and Molopo Australia ((MPO)) joined.

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

Stocks <3% Below Consensus

Order Symbol Current Price($) Consensus Target($) Difference(%) 1 QRN $ 3.40 $ 3.42 0.71% 2 AUT $ 3.27 $ 3.33 1.93% 3 TSO $ 0.51 $ 0.52 1.98% 4 GPT $ 3.24 $ 3.31 2.16% 5 HIL $ 1.11 $ 1.13 2.26% 6 CPA $ 0.97 $ 0.99 2.69% 7 AAX $ 2.79 $ 2.87 2.97%

Stocks Above Consensus

Order Symbol Current Price($) Consensus Target($) Difference(%) 1 SXY $ 0.64 $ 0.63 – 0.79% 2 RHC $ 19.27 $ 19.11 – 0.84% 3 AUN $ 1.22 $ 1.20 – 0.99% 4 CQR $ 3.36 $ 3.32 – 1.16% 5 MTS $ 4.27 $ 4.20 – 1.64% 6 GWA $ 2.42 $ 2.37 – 2.15% 7 CTX $ 13.62 $ 13.27 – 2.56%

Top 50 Stocks Furthest from Consensus

Order Symbol Current Price($) Consensus Target($) Difference(%) 1 DTL $ 1.19 $ 14.09 1084.03% 2 CVN $ 0.10 $ 0.50 400.00% 3 PPX $ 0.08 $ 0.30 292.11% 4 OTH $ 0.39 $ 1.50 289.61% 5 SLX $ 1.95 $ 6.72 244.36% 6 ACL $ 0.29 $ 0.89 212.28% 7 RFX $ 0.69 $ 2.04 195.65% 8 NCR $ 0.23 $ 0.65 188.89% 9 RES $ 0.39 $ 1.10 182.05% 10 AOH $ 0.24 $ 0.65 170.83% 11 BTA $ 0.77 $ 1.98 158.82% 12 DTE $ 0.48 $ 1.20 152.63% 13 IFN $ 0.24 $ 0.60 151.67% 14 SMR $ 0.82 $ 2.03 147.56% 15 GNM $ 0.21 $ 0.50 145.37% 16 RQL $ 0.35 $ 0.86 144.29% 17 TSM $ 0.43 $ 1.02 136.05% 18 BND $ 0.56 $ 1.30 134.23% 19 ALS $ 1.19 $ 2.74 131.22% 20 TIS $ 0.40 $ 0.87 117.50% 21 KGD $ 1.20 $ 2.55 112.50% 22 PEM $ 0.41 $ 0.87 112.20% 23 HIG $ 0.17 $ 0.35 112.12% 24 HGO $ 0.20 $ 0.41 110.26% 25 PXS $ 1.08 $ 2.25 108.06% 26 IPD $ 0.56 $ 1.14 105.41% 27 TXN $ 0.63 $ 1.28 104.80% 28 HZN $ 0.22 $ 0.44 102.33% 29 AVG $ 0.32 $ 0.63 100.00% 30 BOL $ 0.25 $ 0.49 100.00% 31 ERA $ 1.46 $ 2.81 92.12% 32 VMS $ 0.33 $ 0.61 87.69% 33 GNS $ 0.17 $ 0.31 87.43% 34 GBG $ 0.52 $ 0.96 85.00% 35 LNC $ 1.47 $ 2.60 76.87% 36 OST $ 0.86 $ 1.52 76.63% 37 ROC $ 0.28 $ 0.49 76.36% 38 AJA $ 2.23 $ 3.93 76.23% 39 ALK $ 1.11 $ 1.92 72.97% 40 WTP $ 1.14 $ 1.96 71.93% 41 FND $ 0.39 $ 0.67 71.79% 42 HTA $ 0.06 $ 0.10 71.43% 43 TAP $ 0.64 $ 1.09 70.78% 44 KAR $ 5.12 $ 8.67 69.38% 45 COK $ 0.39 $ 0.65 68.83% 46 LYC $ 1.34 $ 2.24 67.01% 47 TWO $ 1.00 $ 1.65 65.00% 48 GRR $ 0.50 $ 0.82 64.80% 49 BDR $ 0.69 $ 1.13 64.20% 50 MPO $ 0.60 $ 0.98 63.87%

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