Citi keeps AUD 4.10 target for Scentre stock

Published on 10/17/2026 at 19:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue fell 8.30 percent to AUD 1.20 billion. Scentre stock traded at AUD 3.43 on October 16, 2026, down 0.87 percent on ASX.

Analyst view and valuation

On September 18, 2026, Citi kept a Buy rating and an AUD 4.10 target for Scentre.
First-half revenue fell 8.30 percent to AUD 1.20 billion.
Scentre stock traded at AUD 3.43 at 4:10 p.m. AEDT on October 16, 2026, down 0.87 percent versus the ASX prior close.
Scentre had a market capitalization of AUD 17.9 billion and a P/E ratio of 9.03 on October 16, 2026.

Scentre, AU000000SCG8, Illustration mit AI erstellt.

Citi maintained a Buy rating on Scentre (ISIN AU000000SCG8) on September 18, 2026, with an AUD 4.10 price target. The target stands 19.53 percent above the ASX price of AUD 3.43, based on the same trading currency. Scentre last traded at AUD 3.43 at 4:10 p.m. AEDT on October 16, 2026, down 0.87 percent from its AUD 3.46 prior close.

Revenue fell in the first half

Scentre's latest reported period showed revenue of AUD 1.20 billion in the first half of 2026, down 8.30 percent from AUD 1.31 billion in the first half of 2025, according to Simply Wall St. Funds from operations reached AUD 612.40 million in the same 2026 period, up 4.40 percent year over year. The contrast puts operating cash generation alongside weaker reported revenue.

Stock sits below its yearly high

The ASX price of AUD 3.43 on October 16, 2026 was AUD 0.84 below Scentre's 52-week high of AUD 4.27 and AUD 0.16 above its 52-week low of AUD 3.27. That places the latest price 19.67 percent below the high and 4.89 percent above the low. Trading volume was 12,835,631 securities, compared with an average of 11,343,634.

Valuation and market comparison

Scentre's market capitalization was AUD 17.9 billion on October 16, 2026. The P/E ratio was 9.03 and the trailing dividend yield was 5.00 percent. The figures frame the AUD 4.10 Citi target as a valuation reference rather than a new company announcement.

On September 18, 2026, The Globe and Mail reported that Howard Penny of Citi maintained the Buy rating and AUD 4.10 target. The next scheduled reporting date is not included in the cited investor calendar material.

Comparison with peers

Scentre: minus 0.87 percent, P/E 9.03, market capitalization AUD 17.9 billion

Vicinity Centres (ASX, AUD): minus 0.84 percent, P/E 7.58, market capitalization AUD 11.0 billion

The GPT Group (ASX, AUD): minus 0.65 percent, P/E 8.29, market capitalization AUD 8.7 billion

Price stays within the annual range

Scentre's last ASX price was AUD 3.43 at 4:10 p.m. AEDT on October 16, 2026, down 0.87 percent versus the ASX prior close of AUD 3.46. The stock was 19.67 percent below its 52-week high and 4.89 percent above its 52-week low.