市场见解

ANZ (ASX:ANZ) share price named as a sell by leading broker

Is the ANZ share price heading lower?
The post ANZ (ASX:ANZ) share price named as a sell by leading broker appeared first on The Motley Fool Australia. –

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price has smashed the market in 2021.

Since the start of the year, the banking giant’s shares are risen by a sizeable 23.5%.

This is almost double the return of the S&P/ASX 200 Index (ASX: XJO) over the same period.

Can the ANZ share price go higher?

One leading broker that isn’t convinced the ANZ share price can keep climbing is Citi.

According to a note out of the investment bank this week, its analysts have downgraded the bank’s shares to a sell rating and reduced the price target on them to $28.00.

This compares to the latest ANZ share price of $28.47, which implies modest downside of 2% before dividends.

Why did Citi downgrade ANZ’s shares?

The broker made the move after looking through recent updates from some its rivals.

It believes the updates are pointing to weakness in ANZ’s Markets revenues, which have been driving its core profits recently.

In light of this, the broker suspects ANZ could fall well short of consensus expectations in FY 2021.

Citi explained: “Recent peer results suggest a sharp reversal of Markets revenues, and we now expect 2H 2021 core profit to miss consensus estimates by 9%.”

Is anyone more positive?

The team at Morgans are a lot more positive on the ANZ share price.

Its analysts currently have an add rating and $34.50 price target on its shares. This implies potential upside of 21% over the next 12 months before dividends.

Morgans recently said: “We believe ANZ is the most compelling of the major banks on a valuation basis. We expect ANZ to benefit the most of the major banks from the tailwinds currently in place for treasury and markets income. We expect ANZ to continue to focus on absolute cost reduction over the medium term. ANZ has de-risked its loan book over recent years –particularly its institutional loan book –such that the quality of its loan book has increased.”

Time will tell which broker made the right call.

The post ANZ (ASX:ANZ) share price named as a sell by leading broker appeared first on The Motley Fool Australia.

Should you invest $1,000 in ANZ right now?

Before you consider ANZ, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and ANZ wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

How does the ANZ (ASX:ANZ) share price perform during lockdowns?
ANZ (ASX:ANZ) share price on watch after Q3 update
Leading brokers name 3 ASX shares to sell today

ANZ (ASX:ANZ) share price falls on broker downgrade
Here’s why the ANZ (ASX:ANZ) share price is up 4% in a week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!