RBC started Macquarie Group stock coverage at AUD 300 target
Published on 10/14/2026 at 13:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and operating scale
- RBC Capital set an AUD 300.00 target on September 28, 2026.
- Macquarie Asset Management reported AUD 748.0 billion in assets under management for the first quarter of fiscal 2027.
- Macquarie Group stock traded at EUR 155.89 at 1:42 p.m. CEST at Lang & Schwarz on October 14, 2026.
Macquarie Group (ISIN AU000000MQG1) was trading at EUR 155.89 at Lang & Schwarz on October 14, 2026 at 1:42 p.m. CEST. The latest analyst action came from Investing.com, which reported on September 28, 2026 that RBC Capital initiated coverage with an Outperform rating and an AUD 300.00 price target.
The new analyst benchmark
RBC Capital's target puts the analyst view alongside Macquarie's broad earnings profile rather than treating the stock as a single-line banking story. The company operates through Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital.
The RBC report projected mid-to-high single-digit earnings growth through fiscal 2029 and cited operating leverage in asset management and personal banking. It also described the valuation as undemanding while highlighting commodity-market volatility and potential asset sales as factors in the earnings outlook.
What supports the valuation?
Macquarie Asset Management reported AUD 748.0 billion in assets under management at June 30, 2026, up 4.00 percent from March 31, 2026, according to The Motley Fool Australia on October 7, 2026. Banking and Financial Services deposits rose 4.00 percent quarter over quarter to AUD 223.3 billion in the first quarter of fiscal 2027.
That combination gives the analyst case two distinct supports: recurring scale in asset management and balance-sheet expansion in banking. The same first-quarter update put the home-loan portfolio at AUD 191.5 billion, up 6.00 percent quarter over quarter, while business banking loans reached AUD 18.7 billion, up 3.00 percent.
Three dates shape the story
On September 22, 2026, The Australian reported that Macquarie was raising AUD 1.45 billion through the bond market and had generated AUD 4.85 billion in fiscal 2026 net profit, up 30.00 percent from the previous corresponding year. On September 28, 2026, RBC Capital set its AUD 300.00 target, and on October 14, 2026, Macquarie's euro quotation stood at EUR 155.89 at Lang & Schwarz.
Reporting dates ahead
Macquarie Group lists the half-year result announcement for November 6, 2026. Shares are expected to trade ex-dividend on November 11, 2026, with the dividend record date on November 12, 2026.
The euro quotation on October 14
Macquarie Group was trading at EUR 155.89 at Lang & Schwarz on October 14, 2026 at 1:42 p.m. CEST. Primary-listing market data placed the ASX quotation at AUD 249.80 on October 14, 2026, with a 52-week range of AUD 187.31 to AUD 267.90 and market capitalization of AUD 92.1 billion.
The further course of trading is shown by the continuously updated real-time quote of Macquarie stock.
Macquarie Group market facts
- Company: Macquarie Group Limited
- ISIN: AU000000MQG1
- Ticker: MQG
- Primary exchange: ASX
- Price Lang & Schwarz (as of October 14, 2026, 1:42 p.m. CEST): EUR 155.89
- Market capitalization: AUD 92.1 billion (as of October 14, 2026)
- 52-week range: AUD 187.31-AUD 267.90 (as of October 14, 2026)
- Sector / Industry: Financial Services / Investment Banking and Investment Services
- Next earnings date: November 6, 2026
Market context: Market report S&P ASX 200.
