
JB Hi-Fi Ltd (ASX: JBH), GPT Group Ltd (ASX: GPT), and Charter Hall Group (ASX: CHC) shares have tumbled to an annual low in Thursday lunchtime trade as the S&P/ASX 200 Index (ASX: XJO) comes under more pressure.
Here’s what has happened, and what brokers tip next.
Charter Hall shares
The diversified property funds manager’s shares have fallen 2% to an annual low of $18.03 at the time of writing. The latest decline means the shares have now crashed 24% over the past month and they’re 27% lower for the year-to-date.
There hasn’t been any price sensitive announcement out of the company this week. Instead it looks like it has been hit by a series of headwinds, including higher-than-expected inflation figures and a weakening property market. Concerns about further interest rate hikes are also putting pressure on property-related stocks across the sector.
Even the company’s robust FY26 result announcement late last month didn’t do enough to reignite investor confidence. Management announced a 26.8% increase in operating earnings, gross property transactions of $17.1 billion and the launch of multiple new funds and partnerships.
The experts are still bullish that there will be some upside ahead. Market Index data shows that the majority have a strong buy rating on Charter Hall shares. The $24.14 average target price implies around a 33% upside ahead, at the time of writing.
GPT Group shares
As one of Australia’s largest listed property trusts, GPT is facing the same headwinds as Charter Hall shares this week.
The company, which owns and manages a portfolio of Australian office, logistics, and retail assets, with funds under management of more than $36 billion, is highly sensitive to shifts in property market sentiment.
Its shares are also down around 2% today, to an annual low of $4.41 each. Over the past month the shares have crashed 16%, and they’re now 20% lower for the year-to-date.
The company also posted a solid first-half FY26 result last month, including a statutory net profit after tax of $400.1 million for the half year, and a reported investment portfolio occupancy of 97.6%.
Experts are also bullish about the share price outlook over the next 12 months. Market Index data shows the majority have a strong buy rating on GPT Group shares, and the $5.33 average target price implies an upside of around 19%, at the time of writing,
JB Hi-Fi shares
JB Hi-Fi shares are also down around 2% in Thursday lunchtime trade, and changing hands at a two-year low of $64.70 at the time of writing. Over the past month, the shares have fallen 23%, and they’re 33% lower year-to-date.
Consumer discretionary stocks like JB Hi-Fi have come under pressure recently amid market concerns about higher interest rates, inflation, and weaker consumer confidence.
And it looks like the company’s FY26 results in late August further dampened confidence. Management posted record revenue of $11.06 billion, up 4.8% from FY25. Meanwhile, EBIT increased 5.8% to $734.4 million. On the bottom line, the company reported a net profit after tax (NPAT) of $489.9 million, up 6% year-on-year. After delivering higher profit, management declared a final fully franked dividend of $1.27 per share.
But looking ahead, JB Hi-Fi said it expects a variable trading environment in the short term but notes ongoing resilience among its brands and flagged that the company saw a slight dip in sales in July.
Investors were clearly spooked, and analysts also seem on the fence about the share price outlook. Market Index data shows broker ratings are split between a buy and a hold. However, after the latest selloff, the $79.34 average target price now implies 21% potential upside.
The post JB Hi-Fi, GPT Group, Charter Hall shares hit 52-week low: Is there any chance of a rebound? appeared first on The Motley Fool Australia.
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Motley Fool contributor Samantha Menzies 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 Scott Phillips.

