Forsyth Barr
About Forsyth Barr
Forsyth Barr is New Zealand's largest full-service sharebroking firm, founded in 1936 in Dunedin. With over 20 offices nationwide and a dedicated equity research team of 9 analysts, they provide the most extensive public research coverage of NZX-listed companies. Their research library covers 65 NZX issuers with 1000 research notes from 2021-2026.
Analyst Team (17)
Coverage Universe (65)
| Company | Sector | Market Cap | Analyst |
|---|---|---|---|
 FPH | Healthcare | $28.22B | Forsyth Barr Research |
 AIA | Industrials | $15.03B | Forsyth Barr Research |
 MEL | Utilities | $15.02B | Forsyth Barr Research |
 FCG | Consumer Staples | $14.00B | Forsyth Barr Research |
 IFT | Utilities | $13.07B | Forsyth Barr Research |
 MCY | Utilities | $9.51B | Forsyth Barr Research |
 CEN | Utilities | $9.22B | Forsyth Barr Research |
 MFT | Industrials | $6.75B | Forsyth Barr Research |
 ATM | Consumer Staples | $6.34B | Forsyth Barr Research |
 POT | Industrials | $5.54B | Forsyth Barr Research |
 VNT | Industrials | $4.88B | Forsyth Barr Research |
 VCT | Utilities | $4.40B | Forsyth Barr Research |
 EBO | Healthcare | $4.31B | Forsyth Barr Research |
 SPK | Communication Services | $3.97B | Forsyth Barr Research |
 FBU | Materials | $3.89B | Forsyth Barr Research |
| Communication Services | $3.50B | Aaron Ibbotson | |
 GNE | Utilities | $3.10B | Forsyth Barr Research |
 GNZ | Real Estate | $2.91B | Forsyth Barr Research |
 FRW | Industrials | $2.25B | Forsyth Barr Research |
 RYM | Healthcare | $1.87B | Forsyth Barr Research |
 PCT | Real Estate | $1.75B | Forsyth Barr Research |
 KPG | Real Estate | $1.54B | Forsyth Barr Research |
 SUM | Healthcare | $1.49B | Forsyth Barr Research |
 SKL | Industrials | $1.48B | Forsyth Barr Research |
 VHP | Real Estate | $1.46B | Forsyth Barr Research |
 CHI | Energy | $1.35B | Forsyth Barr Research |
 AIR | Industrials | $1.23B | Andy Bowley |
 HGH | Financials | $1.18B | Forsyth Barr Research |
 PFI | Real Estate | $1.11B | Forsyth Barr Research |
 VSL | Materials | $1.03B | Forsyth Barr Research |
 BGP | Consumer Discretionary | $0.95B | Forsyth Barr Research |
 SCL | Industrials | $0.90B | Forsyth Barr Research |
 HLG | Consumer Discretionary | $0.86B | Forsyth Barr Research |
 TWR | Financials | $0.72B | Forsyth Barr Research |
 NPH | Industrials | $0.71B | Forsyth Barr Research |
 TRA | Consumer Discretionary | $0.65B | Forsyth Barr Research |
 THL | Consumer Discretionary | $0.63B | Forsyth Barr Research |
 VGL | Information Technology | $0.63B | Forsyth Barr Research |
 SAN | Consumer Staples | $0.63B | Forsyth Barr Research |
 SPG | Real Estate | $0.62B | Forsyth Barr Research |
 SKC | Consumer Discretionary | $0.57B | Forsyth Barr Research |
 SKT | Communication Services | $0.50B | Forsyth Barr Research |
 NZX | Financials | $0.49B | Forsyth Barr Research |
 OCA | Healthcare | $0.49B | Forsyth Barr Research |
 AFT | Healthcare | $0.47B | Forsyth Barr Research |
 GTK | Information Technology | $0.45B | Forsyth Barr Research |
 IPL | Real Estate | $0.40B | Forsyth Barr Research |
 WIN | Real Estate | $0.36B | Rohan Koreman-Smit |
 RAK | Information Technology | $0.34B | Forsyth Barr Research |
 SML | Consumer Staples | $0.31B | Forsyth Barr Research |
 PEB | Healthcare | $0.29B | Forsyth Barr Research |
 WHS | Consumer Discretionary | $0.24B | Paul Koraua |
 SEK | Consumer Staples | $0.22B | Forsyth Barr Research |
 SCT | Industrials | $0.20B | Forsyth Barr Research |
 NZM | Communication Services | $0.18B | James Lindsay |
 IKE | Materials | $0.17B | Forsyth Barr Research |
 PGW | Industrials | $0.17B | Forsyth Barr Research |
 SKO | Industrials | $0.16B | Forsyth Barr Research |
 KMD | Consumer Discretionary | $0.15B | Forsyth Barr Research |
 RAD | Healthcare | $0.12B | Forsyth Barr Research |
 APL | Real Estate | $0.06B | Forsyth Barr Research |
 STU | Materials | $0.05B | Forsyth Barr Research |
 PYS | Information Technology | $0.03B | Forsyth Barr Research |
 ARB | Industrials | $0.03B | Forsyth Barr Research |
 DOW | Industrials | — | Forsyth Barr Research |
Recent Ratings (30)
Research Notes (20)
Consensus Ratings (65 companies)
Aggregated consensus from multiple brokerages via Yahoo Finance. Individual broker attributions are unavailable — broker research portals are paywalled. Where known, contributing NZ brokers are listed based on confirmed coverage relationships.
| Company | Consensus | Buy | Hold | Sell | Analysts | Target (Mean) | Range | Known Brokers | Dist. |
|---|---|---|---|---|---|---|---|---|---|
| AIR | sell | — | 2 | 4 | 11 | $0.53 | $0.47–$0.65 | CraigsForsythMacquarie+3+5 intl | |
| WHS | hold | 2 | 1 | 1 | 7 | $1.15 | $1.15–$1.15 | ForsythMacquarieCraigs+1+3 intl | |
| FBU | hold | 2 | 2 | — | 7 | $5.17 | $5.17–$5.17 | ForsythJardenCraigs+4 intl | |
| KMD | hold | 4 | 4 | 1 | 7 | $0.24 | $0.03–$0.45 | ForsythCraigsJarden+4 intl | |
| CNU | hold | 1 | — | 1 | 6 | $3.60 | $3.60–$3.60 | ForsythJardenCraigs+3 | |
| ATM | hold | 1 | 3 | 1 | 6 | $6.76 | $5.69–$7.85 | ForsythJardenCraigs+3 intl | |
| CEN | buy | 2 | — | — | 5 | $10.85 | $10.85–$10.85 | ForsythJardenCraigs+2 intl | |
| NZX | sell | — | — | 1 | 4 | — | — | ForsythCraigs+2 intl | |
| RYM | buy | 2 | 1 | — | 4 | $16.00 | $16.00–$16.00 | ForsythJardenCraigs+1 intl | |
| SUM | buy | 3 | — | — | 4 | $13.28 | $13.28–$13.28 | ForsythJardenCraigs+1 intl | |
| MEL | hold | 1 | — | 1 | 4 | $10.85 | $10.85–$10.85 | ForsythJardenCraigs+1 intl | |
| MFT | hold | — | 1 | — | 4 | — | — | ForsythCraigs+2 intl | |
| NPH | hold | — | 1 | — | 4 | — | — | ForsythCraigsJarden+1 intl | |
| NZM | — | — | — | 3 | — | — | ForsythJarden+1 intl | ||
| WIN | buy | 1 | — | — | 3 | — | — | Forsyth+2 intl | |
| IFT | buy | 2 | — | — | 3 | $14.31 | $14.31–$14.31 | ForsythJardenCraigs | |
| HGH | buy | 2 | — | — | 3 | $1.82 | $1.37–$2.27 | ForsythCraigsJarden | |
| EBO | buy | 1 | — | — | 3 | — | — | ForsythCraigs+1 intl | |
| MCY | — | — | — | 3 | — | — | ForsythCraigs+1 intl | ||
| FPH | hold | — | 3 | — | 3 | $34.80 | $34.80–$34.80 | ForsythCraigsJarden | |
| SPK | buy | 2 | 1 | — | 3 | $3.83 | $3.00–$4.67 | ForsythCraigsJarden | |
| FRW | hold | — | 1 | — | 3 | $14.10 | $14.10–$14.10 | ForsythCraigs+1 intl | |
| SKO | hold | — | 1 | — | 2 | — | — | ForsythCraigs | |
| SKC | buy | 1 | — | — | 2 | — | — | ForsythCraigs | |
| POT | buy | 1 | — | — | 2 | — | — | ForsythCraigs | |
| VGL | buy | 1 | — | — | 2 | — | — | ForsythCraigs | |
| CHI | hold | — | 1 | — | 2 | — | — | ForsythCraigs | |
| SKT | buy | 1 | — | — | 2 | — | — | ForsythCraigs | |
| PCT | — | — | — | 2 | — | — | ForsythCraigs | ||
| STU | sell | — | — | 1 | 2 | — | — | ForsythCraigs | |
| SCL | — | — | — | 2 | — | — | ForsythCraigs | ||
| PFI | — | — | — | 2 | — | — | ForsythCraigs | ||
| GNE | hold | — | 1 | — | 2 | — | — | ForsythCraigs | |
| AIA | sell | — | — | 1 | 2 | — | — | ForsythCraigs | |
| THL | — | — | — | 2 | — | — | ForsythCraigs | ||
| VCT | buy | 1 | — | — | 2 | — | — | ForsythCraigs | |
| PEB | hold | — | 1 | — | 2 | — | — | ForsythCraigs | |
| VHP | buy | 1 | — | — | 2 | — | — | ForsythCraigs | |
| SKL | hold | — | 1 | — | 2 | — | — | ForsythCraigs | |
| SML | sell | — | — | 1 | 2 | — | — | ForsythCraigs | |
| TRA | hold | — | 1 | — | 2 | — | — | ForsythCraigs | |
| GTK | hold | — | 1 | — | 2 | — | — | ForsythCraigs | |
| SPG | buy | 1 | — | — | 2 | — | — | ForsythCraigs | |
| KPG | — | — | — | 2 | — | — | ForsythCraigs | ||
| OCA | — | — | — | 2 | — | — | ForsythCraigs | ||
| GNZ | — | — | — | 2 | — | — | ForsythCraigs | ||
| DOW | — | — | — | 2 | — | — | ForsythJarden | ||
| SAN | buy | 1 | — | — | 2 | — | — | ForsythCraigs | |
| IPL | — | — | — | 2 | — | — | ForsythCraigs | ||
| PGW | — | — | — | 2 | — | — | ForsythJarden | ||
| VNT | — | — | — | 2 | — | — | ForsythJarden | ||
| RAD | — | — | — | 1 | — | — | Forsyth | ||
| HLG | buy | 1 | — | — | 1 | — | — | Forsyth | |
| VSL | hold | — | 1 | — | 1 | — | — | Forsyth | |
| TWR | — | — | — | 1 | — | — | Forsyth | ||
| ARB | — | — | — | 1 | — | — | Forsyth | ||
| BGP | sell | — | — | 1 | 1 | — | — | Forsyth | |
| IKE | — | — | — | 1 | — | — | Forsyth | ||
| SCT | — | — | — | 1 | — | — | Forsyth | ||
| PYS | — | — | — | 1 | — | — | Forsyth | ||
| RAK | — | — | — | 1 | — | — | Forsyth | ||
| FCG | hold | — | 1 | — | 1 | — | — | Forsyth | |
| AFT | buy | 1 | — | — | 1 | — | — | Forsyth | |
| SEK | — | — | — | 1 | — | — | Forsyth | ||
| APL | hold | — | 1 | — | 1 | — | — | Forsyth |
See capital markets advisory activity for NZX firms in the Deal Advisers Directory.
Data sourced from publicly available broker research, analyst reports, and equity coverage disclosures. Our datasets may not be complete. Automated analysis can produce errors. Analyst ratings and price targets represent the views of the respective brokers and analysts, not NZXplorer. Coverage data may not be complete or up to date. Past performance does not indicate future results. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Typical line of questioning
Based on 42 attributed questions from 6 Forsyth Barr analyst(s) across 4 NZX-listed companyies, 2017-03 → 2026-02. Counts only.
Common questions
Sourced from public NZX filings, our database, and questions people ask about Forsyth Barr.
Is Forsyth Barr a broker?
Yes, Forsyth Barr is a local sharebroking firm registered to provide NZX trading and investment services in New Zealand. Founded in 1936 in Dunedin, it operates as a full-service broker with over 20 offices nationwide.
How many NZX companies does Forsyth Barr research?
According to our records, Forsyth Barr's equity research team covers 95 NZX-listed companies. Their research library includes approximately 1,000 research notes published between 2021 and 2026, providing investors with public analysis of listed issuers.
What research does Forsyth Barr publish on NZX stocks?
Forsyth Barr operates a dedicated equity research team of 15 analysts that publishes public research coverage on NZX-listed companies. You can access their research notes and analysis through their website at forsythbarr.co.nz or view their coverage details on NZXplorer.
Where are Forsyth Barr's offices located in New Zealand?
Forsyth Barr operates over 20 offices nationwide, with its head office in Dunedin where the firm was founded in 1936. The firm has a significant presence across major centres to service its sharebroking and investment clients.
What is Forsyth Barr's history in the sharebroking industry?
Forsyth Barr was established in 1936 and is described as New Zealand's largest full-service sharebroking firm. The company has operated continuously as a local broker for nearly 90 years, building its equity research and client service capabilities over that period.
What services does a full-service sharebroker like Forsyth Barr provide?
Full-service sharebrokers like Forsyth Barr typically offer NZX trading, investment advice, equity research, and portfolio management services. They operate as registered market participants with direct access to NZX trading and maintain research teams to analyse listed companies for their clients.
How can I access Forsyth Barr's investment research?
Forsyth Barr publishes research coverage of NZX companies through their website at forsythbarr.co.nz. You can also view summaries of their NZX company coverage and research activity on NZXplorer's firm profiles and deal history pages.
How many equity analysts does Forsyth Barr employ?
Forsyth Barr employs a team of 15 equity analysts dedicated to researching and publishing analysis on NZX-listed companies. This research team supports the firm's full-service sharebroking operations across its nationwide office network.
API & MCP access for this brokerFree anonymous endpoints + Pro tools
Every entity on NZXplorer has a stable REST API and MCP tool path. The Markdown and facts.json variants are free, anonymous, and IP-rate-limited at 60 requests / 10 minutes — they exist so AI search engines (Perplexity, ChatGPT search, Claude web, Gemini, Google AI Overviews) can cite this broker directly.
REST endpoints
- GET/api/v1/brokers/forsyth-barr/facts.json — Structured JSON facts (coverage + analysts + latest research)[free, anon]
- GET/api/v1/broker-coverage?broker=forsyth-barr — Tickers under coverage
- GET/api/v1/research-notes?broker=forsyth-barr — Research notes published by this broker
- GET/api/v1/analyst-ratings?broker=forsyth-barr — Ratings history for this broker
MCP tools
- get_broker_coverage — Tickers under broker coverage
- get_research_notes — Research notes by broker
Connect the MCP server in Claude, Cursor or VS Code: setup in 2 minutes.
Auth-gated endpoints require an API key — get one in your Settings → API & Developer page. Full docs at /developers.