Macquarie sets AUD 8.10 target for AGL Energy stock

Published on 10/13/2026 at 05:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Macquarie kept Sell on AGL Energy stock at AUD 8.10 on October 12, 2026. FY26 underlying NPAT was AUD 631 million, with EBITDA at AUD 2.1 billion.

Key points in brief

Macquarie retained a Sell rating and set an AUD 8.10 12-month target on October 12, 2026.
AGL Energy reported underlying NPAT of AUD 631 million and underlying EBITDA of AUD 2.1 billion for FY26.
AGL traded at AUD 8.77 on ASX on October 13, 2026, with market capitalization of AUD 5.9 billion.
AGL targets FY27 underlying EBITDA of AUD 1.9 billion to AUD 2.2 billion and underlying NPAT of AUD 470 million to AUD 670 million.

AGL Energy, AU000000AGL7, Illustration mit AI erstellt.

As Motley Fool Australia reported on October 13, 2026, Macquarie retained its Sell rating on AGL Energy and set an AUD 8.10 12-month price target. AGL traded at AUD 8.77 on ASX at 1:57 p.m. AEDT on October 13, 2026, putting the target 7.64 percent below the market price.

Three events shape the rating

On August 12, 2026, AGL Energy released FY26 results for the period ended June 30, reporting underlying NPAT of AUD 631 million and underlying EBITDA of AUD 2.1 billion.

On October 1, 2026, AGL Energy said its final FY26 dividend was AUD 0.26 per share, taking the full-year dividend to AUD 0.50 per share and the payout ratio to 53.3 percent. On October 12, 2026, Macquarie set its AUD 8.10 target and retained its Sell rating, as Markets Insider reported.

What does the target mean for earnings?

AGL's FY27 guidance points to underlying EBITDA of AUD 1.9 billion to AUD 2.2 billion and underlying NPAT of AUD 470 million to AUD 670 million, according to AGL Energy on October 1, 2026. The lower end of the NPAT range is 25.55 percent below FY26 underlying NPAT, while the upper end is 6.18 percent above it.

Macquarie's caution centers on weaker power-market conditions. Motley Fool Australia reported that the broker expects power prices to decline in FY27 and highlighted lower coal-fleet generation in New South Wales and Victoria.

Next reporting dates are set

Intelligent Investor lists February 10, 2027, for AGL's interim report and August 11, 2027, for its annual report. Those dates give the market two scheduled checkpoints for testing the FY27 earnings range against actual performance.

ASX price holds below AUD 9.00

AGL traded at AUD 8.77 on ASX at 1:57 p.m. AEDT on October 13, 2026, while its market capitalization stood at AUD 5.9 billion. The current price is AUD 0.67 above Macquarie's AUD 8.10 target, a difference of 7.64 percent measured against the ASX price. The further course of trading is shown by the continuously updated real-time quote of AGL Energy stock.