UBS keeps AUD 9.40 target for Magellan Financial stock

Published on 10/17/2026 at 22:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

P/E was 17.01 on October 16, 2026. Magellan Financial stock stood at AUD 8.46 on October 16, 2026 at 4:10 p.m. AEDT, up 0.59 percent versus AUD 8.41.

Valuation and market placement

UBS maintained a AUD 9.40 target on October 7, 2026.
Magellan Financial's P/E was 17.01 on October 16, 2026.
Magellan Financial stock stood at AUD 8.46 at 4:10 p.m. AEDT on October 16, 2026, up 0.59 percent versus the ASX prior close.
Market capitalization stood at AUD 2.5 billion on October 16, 2026.

Magellan Financial, AU000000MFG4, Illustration mit AI erstellt.

On October 7, 2026, UBS maintained a Hold rating on Magellan Financial Group and a AUD 9.40 price target, according to Markets Insider. The target stood 11.11 percent above the AUD 8.46 price. Magellan Financial stock stood at AUD 8.46 on October 16, 2026 at 4:10 p.m. AEDT, up 0.59 percent versus the ASX prior close of AUD 8.41.

Yearly range leaves room below

The October 16 price sat AUD 3.09, or 26.75 percent, below the 52-week high of AUD 11.55. It was AUD 0.50, or 6.28 percent, above the 52-week low of AUD 7.96. Trading volume reached 670,977 shares, versus an average volume of 1,046,039 shares.

Valuation and trading activity

Magellan Financial carried a P/E of 17.01 and a market capitalization of AUD 2.5 billion on October 16, 2026. The stock's 52-week range places the latest price closer to the low than the high, while the volume was 64.14 percent of its average. The UBS target provides a separate valuation reference at AUD 9.40, 11.11 percent above the latest price.

The company had scheduled its annual general meeting for October 22, 2026, according to The Globe and Mail. The meeting materials include a proposal to change the company's name and ASX ticker, subject to shareholder approval.

Comparison with peers

Magellan Financial: plus 0.59 percent, P/E 17.01, market capitalization AUD 2.5 billion
Perpetual (ASX, AUD): plus 0.06 percent, P/E 22.47, market capitalization AUD 2.0 billion
AMP (ASX, AUD): minus 0.83 percent, P/E 32.34, market capitalization AUD 5.7 billion

Investor reference points

The latest market picture combines a 17.01 P/E with a price 26.75 percent below the 52-week high. The UBS target of AUD 9.40 and the October 22 meeting date give investors two dated reference points for the next stage of the company's transition.

Magellan Financial stock last stood at AUD 8.46 at Lang & Schwarz on October 16, 2026 at 10:10 p.m. CEST, after the home-market session, with no Xetra comparison available for the Australian listing.