Daily update on share prices and consensus price targets.

By Rudi Filapek-Vandyck

A profit warning followed by a gigantic sell-off has pushed shares in ATM services provider Customers ((CUS)) into the Bottom 50 of FNArena's Icarus Signal. Customers joins travel services provider Jetset Travelworld ((JET)) as the latest newcomers amongst Australia's cheapest priced stocks. Others in the same league include PaperlinX ((PPX)), Maverick Drilling and Exploration ((MAD)), Boom Logistics ((BOL)) and Australian Worldwide ((AWE)) which just shows not everything among oil stocks, miners and pick and shovel providers is hotly priced at the moment.

Investors looking for obvious bargains should display the necessary caution, as there is probably a good reason (or two, three...) why these stocks do not enjoy the same positive momentum as the likes of Macarthur Coal ((MCC)) and Monadelphous ((MND)). Macarthur shares have now entered the list of stocks approaching consensus price target, while jojo-ing Monadelphous left that group yesterday in order to join those who are trading above target.

Macarthur Coal was joined by agricultural stocks that were in high demand this week and thus Ridley Corp ((RIC)) and Maryborough Sugar ((MSF)) have also entered the list of stocks approaching consensus target. No doubt, MSF is riding the wave of take-over action in the sugar sector overall. These stocks were joined by Ardent Leisure ((AAD)), Austbrokers ((AUB)), Goodman Group ((GMG)), REA Group ((REA)), Primary Healthcare ((PRY)) and Iluka ((ILU)) in what proved to be an unusually busy day for the group of stocks approaching targets.

As far as stocks above target are concerned, Monadelphous was joined by Australia Pipeline Trust ((APA)) whose shares have been bumping against consensus target for a while now (see chart below). ARB Corp ((ARP)) and Charter Hall Retail ((CQR)) are now equally trading above target.

Note that as there were no stocks that left this group overnight, there are now 33 stocks in the FNArena universe out of some 400 in total, that are trading above consensus target. Two stocks disappeared from the first group due to share price weakness, they are Abacus Property ((ABP)) and Programmed Maintenance ((PRG)).

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 MSF $ 4.06 $ 4.12 1.48% 2 AAD $ 1.49 $ 1.51 1.48% 3 MCC $ 12.15 $ 12.36 1.76% 4 AUB $ 6.45 $ 6.57 1.86% 5 GMG $ 0.74 $ 0.75 1.89% 6 RIC $ 1.33 $ 1.36 2.03% 7 REA $ 12.94 $ 13.23 2.23% 8 PRY $ 3.51 $ 3.60 2.51% 9 ILU $ 14.95 $ 15.37 2.84% Stocks Above Consensus Order Symbol Current Price($) Consensus Price($) Difference(%) 1 ARP $ 8.13 $ 8.11 - 0.21% 2 APA $ 4.26 $ 4.25 - 0.23% 3 CQR $ 3.26 $ 3.25 - 0.43% 4 MND $ 19.41 $ 19.23 - 0.94% Top 50 Stocks Furthest from Consensus Order Symbol Current Price($) Consensus Price($) Difference(%) 1 CUS $ 0.89 $ 1.76 97.75% 2 JET $ 0.78 $ 1.15 47.44% To see the full Icarus Signal, please go to this link

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