RBC sets AUD 300 target for Macquarie stock before results
Published on 10/19/2026 at 09:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMacquarie events and valuation
- RBC Capital set an AUD 300.00 12-month target on September 28, 2026.
- Macquarie's historical fiscal year 2026 net profit reached AUD 4,847 million.
- Macquarie stock traded at EUR 154.24 at 9:39 a.m. CEST at Lang & Schwarz on October 19, 2026.
Macquarie Group (ISIN AU000000MQG1) was trading at EUR 154.24 at Lang & Schwarz on October 19, 2026, at 9:39 a.m. CEST. The latest identifiable market catalyst is RBC Capital's AUD 300.00 12-month target, initiated on September 28, 2026, ahead of Macquarie's next half-year result.
That target belongs to FNArena's report on RBC Capital's initiation of coverage. The report identified AUD 300.00 as a 12-month target and linked the thesis to Macquarie's asset management, domestic banking, energy trading and capital markets businesses.
RBC target sets the tone
RBC's view places the next test on the November reporting date rather than on a new transaction. The target is in Australian dollars, while the German-market reference price is in euros, so the two figures are separate market references rather than a calculated upside percentage.
Macquarie's historical fiscal year 2026 result provides the latest quantified earnings context. According to StockWire X on October 8, 2026, net profit after tax reached AUD 4,847 million for the fiscal year ended March 31, 2026, up 30.00 percent from the prior year. Operating group contribution rose 36.00 percent to AUD 9,924 million, while net operating income increased 13.00 percent to AUD 19.48 billion.
What does November add?
The next report will show whether the strong fiscal year 2026 earnings base is carrying into the first half of fiscal year 2027. RBC expects the November result to provide a catalyst, while the historical comparison also highlights the importance of separating recurring operating performance from asset sales and market conditions.
Three dates frame the stock
The chronology starts with Macquarie's fiscal year 2026 result announced on May 8, 2026, including AUD 4,847 million of net profit after tax. Macquarie then held its 2026 Annual General Meeting on July 23, 2026. RBC Capital initiated coverage with its AUD 300.00 target on September 28, 2026. The result is the latest event in that sequence.
Reporting date and dividend calendar
Macquarie's investor calendar lists the next half-year result announcement for November 6, 2026, followed by an expected ex-dividend date of November 11, 2026. The record date is November 12, 2026, and the dividend payment date is December 17, 2026, according to the company's investor-relations page.
For investors, the key issue is the relationship between the AUD 300.00 target and the earnings evidence due on November 6, 2026. The historical 30.00 percent profit increase is a useful benchmark, but the next report will determine whether the pace is continuing.
Macquarie stock valuation context
Macquarie's market capitalization was AUD 91.9 billion on October 19, 2026. Its 52-week range was AUD 187.31 to AUD 267.90, placing the Australian quotation below its yearly high while the euro quotation remained the central reference for German investors.
At Lang & Schwarz, Macquarie was trading at EUR 154.24 on October 19, 2026, at 9:39 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Macquarie stock.
Macquarie stock facts
- Company: Macquarie Group Limited
- ISIN: AU000000MQG1
- Ticker: MQG
- Price Lang & Schwarz (as of October 19, 2026, 9:39 a.m. CEST): EUR 154.24
- Market capitalization: AUD 91.9 billion (as of October 19, 2026)
- 52-week range: AUD 187.31-AUD 267.90 (as of October 19, 2026)
- Sector / Industry: Financial Services / Investment Banking and Investment Services
Market context: Market report S&P/ASX 200.
