Jarden cuts Mirvac stock target to AUD 2.00 from AUD 2.28

Published on 10/17/2026 at 20:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

P/E was 10.61 on October 16, 2026. Mirvac stock closed at AUD 1.82 on October 16, 2026, down 0.55 percent versus the ASX prior close of AUD 1.83.

Broker view and company calendar

Jarden lowered its Mirvac target from AUD 2.28 to AUD 2.00 on October 16, 2026.
Mirvac's annual meeting is scheduled for November 17, 2026.
Mirvac stock closed at AUD 1.82 on October 16, 2026 at 4:10 p.m. AEDT, down 0.55 percent versus the ASX prior close of AUD 1.83.
Mirvac had a price-to-earnings ratio of 10.61 and a market capitalization of AUD 7.1 billion on October 16, 2026.

Mirvac, AU000000MGR9, Illustration mit AI erstellt.

Jarden cut its Mirvac target from AUD 2.28 to AUD 2.00 and downgraded the rating from Buy to Overweight on October 16, 2026, according to FNArena. The new target lies 9.89 percent above Mirvac's ASX closing price of AUD 1.82. Mirvac stock closed down 0.55 percent from AUD 1.83.

Annual meeting date is November 17

Mirvac's next annual general meeting will take place on November 17, 2026, at 10:00 a.m. AEDT, according to the company's Mirvac investor calendar. The meeting gives investors a scheduled point for reviewing the group's strategy, capital allocation and property portfolio.

Price remains above its yearly low

Mirvac's ASX close of AUD 1.82 on October 16, 2026 was AUD 0.21, or 13.04 percent, above the 52-week low of AUD 1.61. It stood AUD 0.64, or 26.02 percent, below the 52-week high of AUD 2.46. Trading volume reached 11,505,232 shares against an average of 13,546,694 shares, placing the session volume 15.06 percent below its average.

Valuation and target distance

Mirvac had a market capitalization of AUD 7.1 billion and a price-to-earnings ratio of 10.61 on October 16, 2026. Jarden's AUD 2.00 target is AUD 0.18 above the closing price, a gap of 9.89 percent. The target change matters because Jarden linked its downgrade to an expected moderation in sales.

Comparison with peers

Mirvac (ASX, AUD): minus 0.55 percent, P/E 10.61, market capitalization AUD 7.1 billion.
The GPT Group (ASX, AUD): minus 0.65 percent, P/E 8.29, market capitalization AUD 8.7 billion.
Goodman Group (ASX, AUD): plus 0.08 percent, P/E 19.84, market capitalization AUD 54.2 billion.

Market position after October 16

Mirvac's closing price placed the diversified real estate group above its annual low but below its annual high. Its next scheduled corporate date is the November 17, 2026 annual meeting, while the latest broker view combines a lower target with an Overweight rating.

Mirvac's ASX closing price was AUD 1.82 on October 16, 2026 at 4:10 p.m. AEDT, down 0.55 percent versus the ASX prior close of AUD 1.83.