RBC sets AUD 300 target for Macquarie stock before results
Published on 10/21/2026 at 09:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and upcoming dates
- RBC Capital set an AUD 300.00 target on September 28, 2026.
- Macquarie reported fiscal year 2026 earnings per share of AUD 12.77.
- Macquarie stock trades at EUR 156.48 at 9:14 a.m. CEST at Lang & Schwarz on October 21, 2026.
Macquarie Group (AU000000MQG1) received an AUD 300.00 price target when RBC Capital began coverage with an Outperform rating on September 28, 2026, according to Investing.com. The target came ahead of Macquarie's scheduled November 6 results.
RBC sets a higher valuation bar
RBC's target is based on projected mid-to-high single-digit earnings growth through fiscal year 2029. The analyst also cited operating leverage in asset management and personal banking, while pointing to commodity volatility and potential asset sales as key risks, Investing.com reported on September 28, 2026.
Three dates track the setup
Macquarie's recent sequence began with its fiscal year 2026 results on May 8, 2026, when earnings per share reached AUD 12.77. Its September 2026 investor presentation then showed assets under management of AUD 722.10 billion as of March 31, 2026. RBC's AUD 300.00 target on September 28, 2026 was the latest of the three events.
What does the next report measure?
The November report will test whether the operating profile described in September is translating into current earnings. Macquarie said fiscal year 2026 operating income was AUD 19.477 billion, while its presentation showed group capital surplus of AUD 10.00 billion and total deposits of AUD 230.00 billion as of June 30, 2026, Macquarie Group reported. Those figures give investors two distinct checks: earnings power and balance-sheet capacity.
November brings two key dates
Macquarie's next half-year result is scheduled for November 6, 2026, followed by the expected ex-dividend date on November 11, 2026, according to the company's investor calendar at Macquarie Group. The reporting date will put the RBC valuation view against a new set of company figures.
Macquarie stock stays tied to results
On the ASX, Macquarie was last at AUD 250.37 on October 21, 2026 at 4:10 p.m. AEDT, with a market capitalization of AUD 92.3 billion. The same quotation showed a 52-week range of AUD 187.31 to AUD 267.90, keeping the primary-market context separate from the euro indication.
Macquarie was trading at EUR 156.48 at Lang & Schwarz on October 21, 2026 at 9:14 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Macquarie stock.
Macquarie stock at a glance
- Company: Macquarie Group Limited
- ISIN: AU000000MQG1
- Ticker: MQG
- Primary exchange: ASX
- Price Lang & Schwarz (as of October 21, 2026, 9:14 a.m. CEST): EUR 156.48
- Market capitalization: AUD 92.3 billion (as of October 21, 2026)
- Sector / Industry: Financial Services / Investment Banking and Investment Services
Market context: Market report S&P/ASX 200.
