Highlights

  • Lendlease shares traded at AUD 4.62 on 12 February 2026, with Macquarie assigning an Outperform rating and a AUD 5.73 target price, in line with the EODHD/Others consensus Buy rating and AUD 5.73 target.
  • The company announced that Group CEO Tony Lombardo will step down in August 2026 following the FY26 full-year results, with a global executive search underway for his successor.
  • Lendlease shares are down 29.25% over the past year and 10.47% year-to-date, placing broker target prices above the current market level.

Lendlease Group (ASX:LLC) shares were trading at AUD 4.62 on 12 February 2026, unchanged for the session. The stock has declined 29.25% over the past 12 months and is down 10.47% so far in 2026, drawing attention from investors tracking valuation levels and broker commentary.

The latest trading session coincided with a significant corporate announcement regarding leadership succession, placing the Lendlease share price in focus.

Broker Ratings: Buy Consensus with AUD 5.73 Target

Broker coverage indicates a positive stance on the stock despite recent share price performance.

Macquarie Research has issued an Outperform rating on Lendlease with a target price of AUD 5.73. According to EODHD/Others data, the broader analyst consensus stands at Buy, also carrying a target price of AUD 5.73.

At the current price of AUD 4.62, the consensus target suggests a premium to the prevailing market level.

CEO Tony Lombardo to Step Down in August 2026

On 12 February 2026, Lendlease announced that Group Chief Executive Officer and Managing Director Tony Lombardo will step down in August 2026 following the release of the Group’s full-year financial results.

Mr Lombardo, who has been with Lendlease for 18 years and served as Group CEO for the past five years, will relocate to South-East Asia to pursue a new career opportunity.

Chairman John Gillam stated that the company’s refreshed strategy is embedded, with FY27 positioned as a transition phase for execution and delivery. The Board has engaged an international executive search firm to identify a new Group CEO and will update the market in due course.

Mr Lombardo noted that he will continue working with the Board and leadership team to support an orderly transition over the coming months.

Lendlease shares closed at AUD 4.62 on 12 February 2026, as the company confirmed its CEO succession plan. Broker sentiment remains positive, with Macquarie and the broader EODHD/Others consensus assigning Buy-equivalent ratings and a AUD 5.73 target price. As the leadership transition unfolds ahead of FY27, investors are expected to track further updates from the Board and management.

FAQ

Q1: What is the current Lendlease share price?
Lendlease (ASX:LLC) shares were trading at AUD 4.62 on 12 February 2026.

Q2: How do brokers rate Lendlease shares?
Macquarie has an Outperform rating with a AUD 5.73 target price, while EODHD/Others data shows a consensus Buy rating with the same AUD 5.73 target.

Q3: When will the current CEO step down?
Group CEO Tony Lombardo will step down in August 2026 following the release of Lendlease’s FY26 full-year financial results.