Macquarie keeps AUD 9.60 target for Challenger stock

Published on 10/17/2026 at 21:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Challenger's AGM is set for October 29, 2026. Challenger stock last stood at AUD 9.85 on ASX on October 16, 2026, up 2.07 percent versus the prior close.

Analyst view and trading date

Macquarie maintained a Hold rating and an AUD 9.60 target on October 8, 2026.
Challenger's annual general meeting is scheduled for October 29, 2026.
Challenger stock last stood at AUD 9.85 on ASX on October 16, 2026, up 2.07 percent versus the prior close of AUD 9.65.
Challenger traded at a P/E ratio of 14.28 as of October 16, 2026.

Challenger, AU000000CGF5, Illustration mit AI erstellt.

Macquarie maintained a Hold rating and an AUD 9.60 price target for Challenger on October 8, 2026, according to Markets Insider. The target lies 2.54 percent below the latest ASX price of AUD 9.85. With the ASX closed on October 17, 2026, that latest quote was dated October 16, 2026 at 4:10 p.m. AEDT and stood 2.07 percent above the prior close of AUD 9.65.

October 29 AGM sets next date

Challenger's next scheduled corporate event is its annual general meeting on October 29, 2026. The date was listed by SmallCapData as a company-stated ASX date. The meeting gives investors the next fixed point after the company's fiscal 2026 reporting cycle.

Stock sits below the yearly high

Challenger's 52-week range was AUD 7.25 to AUD 10.85 as of October 16, 2026. At AUD 9.85, the stock was 9.22 percent below its yearly high and 35.86 percent above its yearly low. Trading volume reached 2,598,486 shares, compared with an average volume of 1,945,579 shares.

Valuation and market comparison

Challenger had a market capitalization of AUD 6.7 billion and a P/E ratio of 14.28 as of October 16, 2026. Its trailing dividend yield was 3.00 percent. The company describes its business as investment management focused on retirement security in its shareholder materials.

Comparison with peers

Challenger: plus 2.07 percent, P/E 14.28, market capitalization AUD 6.7 billion.
Magellan Financial Group (ASX, AUD): plus 0.59 percent, P/E 17.01, market capitalization AUD 2.5 billion.
Prime Financial Group (ASX, AUD): plus 2.63 percent, P/E 13.00, market capitalization AUD 52.6 million.

What comes next for Challenger

The October 29 AGM is the next dated event, while the Macquarie target of AUD 9.60 provides a separate valuation reference. The latest ASX quote was AUD 9.85 on October 16, 2026 at 4:10 p.m. AEDT, up 2.07 percent versus the prior close of AUD 9.65.