J.P. Morgan keeps Hold on Perpetual stock at AUD 19.50 target

Published on 10/07/2026 at 03:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY26 underlying profit reached AUD 217.0 million, up 6.00 percent. Perpetual stock had a EUR 10.55 prior close on October 5, 2026.

Perpetual, AU000000PPT9, Illustration mit AI erstellt.

J.P. Morgan maintained a Hold rating on Perpetual stock and set an AUD 19.50 price target, as Markets Insider reported on October 3, 2026. The target gives the analyst view a defined benchmark while Perpetual works through a major strategic transition.

Takeover talks end at AUD 22.50

Perpetual rejected EQT's further revised cash proposal of AUD 22.50 per share and ended the engagement, according to Morningstar on September 20, 2026. The board said the proposal undervalued the company and involved execution risks, leaving the planned business restructuring as the central corporate story.

The offer had risen from AUD 22.07 per share in July to AUD 22.50, while the final proposal allowed a possible interim dividend of up to AUD 0.60 per share. That comparison explains why the bid remains an important valuation reference even after the process ended.

Profit recovery supports the reset

For fiscal 2026, Perpetual reported underlying profit after tax of AUD 217.0 million, up from AUD 204.1 million in fiscal 2025, according to Kapitales Research. Statutory net profit also turned positive at AUD 88.9 million, compared with a statutory loss of AUD 58.2 million in fiscal 2025.

The same fiscal-year report put annualized cost savings at AUD 72.6 million and Corporate Trust underlying profit before tax at AUD 98.8 million, up 8.70 percent year on year. Those figures point to operating efficiency and Corporate Trust as measurable offsets to the uncertainty around the asset-sale process.

ASX valuation and next date

The separate ASX quote was AUD 17.04 at 11:58 a.m. AEDT on October 7, 2026, with a 52-week range of AUD 15.10 to AUD 21.41 and market capitalization of AUD 2.0 billion. The primary listing is ASX, while the Lang & Schwarz reference remains a separate euro-market measure for German readers.

Perpetual's 2026 annual general meeting is scheduled for October 29, 2026, on the company's shareholder page. The date is listed by Perpetual. The meeting provides the next formal checkpoint after the rejected bid and the fiscal 2026 results.

Euro reference remains dated

The last Lang & Schwarz prior close was EUR 10.55 on October 5, 2026. The quote had no valid daily percentage change for the October 6 data date, so the prior close is the relevant euro reference.

The further course of trading is shown by the continuously updated real-time quote of Perpetual stock.