Codan stock rose 3.6 percent to AUD 62.90, 10.3 percent below its 52-week high

Published on 10/17/2026 at 20:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Market value reached AUD 11.5 billion on October 16, 2026. Codan stock stood at AUD 62.90 on October 16, 2026, up 3.64 percent versus its prior close.

Trading range and valuation

Codan finished October 16, 2026 at 10.32 percent below its 52-week high.
Market value reached AUD 11.5 billion on October 16, 2026.
Codan stock stood at AUD 62.90 on October 16, 2026 at 4:10 p.m. AEDT, 3.64 percent above the prior close.
Fintel placed the September 29, 2026 consensus target at AUD 61.42.

Codan, AU000000CDA3, Illustration mit AI erstellt.

Codan stock (ISIN AU000000CDA3) rose 3.64 percent to AUD 62.90 on October 16, 2026, leaving the shares 10.32 percent below their 52-week high of AUD 70.14. The move was recorded in the final completed ASX session before the publication date.

The last available quote put Codan at AUD 62.90 at 4:10 p.m. AEDT on October 16, 2026. The prior close was AUD 60.69, while the session high reached AUD 62.96 and the low was AUD 61.47.

The range remains wide

Codan's 52-week range runs from AUD 25.18 to AUD 70.14. The latest price therefore sits AUD 7.24 below the high and AUD 37.72 above the low, placing the stock much nearer its upper boundary than its lower one.

The company's investor center identifies the listing as ASX:CDA and describes two main businesses, Communications and Metal Detection, including radio systems, wireless data equipment and detection devices. Codan also lists the October 16 quote with volume of 679,903 shares.

Valuation draws attention

Codan's market capitalization was AUD 11.5 billion on October 16, 2026, and its price-to-earnings ratio was 65.52. That multiple was higher than Garmin's 29.36 and Teledyne Technologies' 29.87 in the same market snapshot, although the companies have different product mixes.

On September 29, 2026, the average analyst target for Codan stood at AUD 61.42, according to Fintel. The latest ASX price was 2.41 percent above that target, using the same Australian-dollar basis.

Comparison with peers

Codan (ASX, AUD): plus 3.64 percent, P/E 65.52, market capitalization AUD 11.5 billion

Garmin (NYSE, USD): minus 0.15 percent, P/E 29.36, market capitalization USD 54.9 billion

Teledyne Technologies (NYSE, USD): minus 0.21 percent, P/E 29.87, market capitalization USD 28.7 billion

Price remains below the high

Codan's latest completed-session price leaves a clear gap to the AUD 70.14 yearly high, while the valuation multiple remains above those of the two comparison companies. The next investor reference point is the distance between operating execution and the elevated earnings multiple.

The last available price was AUD 62.90 at 4:10 p.m. AEDT on October 16, 2026, up 3.64 percent versus the prior close of AUD 60.69.