Citi maintains Buy rating for National Australia Bank stock

Published on 10/19/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NAB stock costs EUR 24.72 on October 19, 2026. Citi's target is AUD 42.10 in its October 18 report.

Targets, results and valuation

Citi maintained its Buy rating and set a AUD 42.10 target on October 18, 2026.
NAB reported AUD 5.20 billion of third-quarter revenue for 2026, up 6.10 percent year over year.
NAB had an AUD 124.1 billion market capitalization as of October 19, 2026.

NAB, AU000000NAB4, Illustration mit AI erstellt.

National Australia Bank (AU000000NAB4) was trading at EUR 24.72 at Lang & Schwarz on October 19, 2026 at 10:03 a.m. CEST. Markets Insider reported on October 18, 2026 that Citi maintained its Buy rating and a AUD 42.10 price target.

Citi keeps the AUD 42.10 target

The target gives investors a current analyst reference alongside the bank's recent operating update. The same Markets Insider report put the average consensus target at AUD 39.01, leaving Citi's target AUD 3.09 higher than consensus.

Three dates show the recent reset

On August 11, 2026, NAB announced two executive leadership changes, including the planned retirement of Group Executive Technology and Enterprise Operations Patrick Wright and Group Chief Operating Officer Les Matheson, as reported by Simply Wall St. On August 17, 2026, NAB released its third-quarter trading update, with revenue of AUD 5.20 billion, up 6.10 percent from the third quarter of 2025, according to Simply Wall St. Citi's rating decision and AUD 42.10 target followed on October 18, 2026.

What does the target add?

The comparison with consensus is the clearest measurable signal: AUD 42.10 is AUD 3.09 above the AUD 39.01 average target. The third-quarter figures also showed net income of AUD 1.80 billion, broadly flat year over year, while profit margin declined to 35 percent from 37 percent because of higher expenses, according to Simply Wall St.

The next reporting date is set

NAB's shareholder center lists November 5, 2026 as the date for its 2026 full-year results announcement, while the company reported an interim dividend of AUD 0.85 per ordinary share, as stated on its NAB shareholder center.

Price and valuation context

NAB's ASX listing last stood at AUD 39.90 on October 19, 2026 at 4:10 p.m. AEDT. Its market capitalization was AUD 124.1 billion on October 19, 2026, while the 52-week range was AUD 35.48 to AUD 49.45. The further course of trading is shown by the continuously updated real-time quote of NAB stock.