Actually - I was not sure, whether I should include ANZ in my wee research job how good stockmarket analysts prediction are, but then - ANZ is NZX listed as well (even if I use A$ in my analysis) and researched by NZ analysts ... what could possibly go wrong?
Predicting banks should be relatively easy - right, and in this case it was the consensus of 15 analysts. So - how good have their predictions been over the last 12 months? Here is the 5th review in my little series ...
Stock: ANZ (using A$, though)
Prediction month: January 2019
Forecast month: January 2020
Peak share price during prediction month |
A$26.19 |
|
Consensus forecast |
$28.68 |
|
achieved peak shareprice in forecast month |
$25.90 |
1% SP drop and 10% below forecast - but still - lets call this a pass, shall we? |
consensus recommendation |
outperform (8,2/10) |
|
actual 12 month growth vs NZX50 |
underperformed NZX50 by 27% |
PREDICTION FAIL |