** Analysts at Jefferies are downbeat on Australia's IDP Education , as student visas lodged continue to decline

** Brokerage cites Australia student visa data for August and notes visas lodged fell by 23% during the month, year-on-year

** "IELTS has been disrupted and will continue to be under pressure" - Jefferies

** Brokerage sees no indications that industry conditions are improving

** Retains "underperform" rating and PT of A$13/shr

** Seven of 12 analysts rate stock "buy" or higher, four "hold" and one "sell" or lower; their median PT is A$18.90 – LSEG data

** Stock is down over 20% YTD as of last close

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com;))