RBC Capital downgrades Ansell stock to Hold at AUD 38.00 target

Published on 10/02/2026 at 05:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBC Capital cut Ansell to Hold, lifting its target from AUD 36.00 to AUD 38.00. Ansell stock was AUD 44.60 on October 2, 2026, versus AUD 44.37.

Ansell, AU000000ANN9, Illustration mit AI erstellt.

RBC Capital downgraded Ansell stock to Hold and raised its 12-month price target from AUD 36.00 to AUD 38.00 on September 15, 2026, according to Motley Fool Australia. The higher target did not prevent a more cautious rating, leaving the broker's stated target below the latest ASX quote.

RBC changes its stance

The target move was measured against Ansell's strong fiscal year 2026 performance. The company reported adjusted earnings per share of USD 1.49, up 18.50 percent from the prior year, while adjusted sales increased 5.70 percent, according to the Yahoo Finance transcript of the August 24, 2026 results briefing.

Profitability also improved. Ansell's fiscal year 2026 EBIT margin reached 15.00 percent, an increase of 0.90 percentage points from the prior year, while cash conversion rose to 113.00 percent from 91.00 percent, the transcript reported.

Guidance sets the next test

Management guided to adjusted earnings per share of USD 1.58-1.70 for fiscal year 2027. That range sits above the USD 1.49 achieved in fiscal year 2026, but the midpoint implies a more measured step up than the latest annual earnings increase.

The company said fiscal year 2026 growth was supported by stronger second-half volumes, higher pricing and gains in strategic areas. Healthcare EBIT margin improved from 12.80 percent to 14.30 percent, while Industrial EBIT margin reached 18.00 percent, according to Yahoo Finance.

ASX quote and euro close

Ansell's ASX quote was AUD 44.60 on October 2, 2026, up 0.52 percent from AUD 44.37. The 52-week range was AUD 25.05 to AUD 45.27, placing the quote AUD 0.67 below the high, while market capitalization was AUD 6.3 billion.

Lang & Schwarz showed a prior close of EUR 27.30 for September 30, 2026. Ansell's investor calendar lists the Annual General Meeting for November 9, 2026, and identifies the company as Ansell Limited on the ASX under ticker ANN, according to Ansell.