Not every stock participated in the stock market rise this year. There are always laggards, and here are six that for various reasons have underperformed – to the point where they offer good value for 2018, to investors prepared to take a contrarian view.
ANZ Bank (ANZ)
Market capitalisation: $82.9 billion
Total return last 12 months: –0.8%
Estimated yield FY18: 5.7%, fully franked
Analysts’ consensus price target: $30.17 (FN Arena), $30.25 (Thomson Reuters)