Citi maintains Sell on Bendigo stock with AUD 9.70 target

Published on 10/15/2026 at 20:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit AUD 912.60 million in the quarter ended June 30, 2026. Bendigo stock costs EUR 6.55 on October 15, 2026, while ASX shares rose 3.81 percent.

Analyst view and bank results

Citi analyst Thomas Strong maintained a Sell rating and set an AUD 9.70 target on October 11, 2026.
Revenue reached AUD 912.60 million and net profit AUD 144.50 million for the quarter ended June 30, 2026.
Bendigo stock costs EUR 6.55 at Lang & Schwarz on October 15, 2026 at 8:30 p.m. CEST, while ASX shares rose 3.81 percent.
Bendigo trades at a P/E ratio of 17.41 and a market capitalization of AUD 6.1 billion.

Bendigo, AU000000BEN6, Illustration mit AI erstellt.

Bendigo and Adelaide Bank stock is framed by a fresh analyst target and a strong Australian session. Citi analyst Thomas Strong maintained a Sell rating and set an AUD 9.70 target on October 11, 2026, according to Markets Insider. Bendigo stock was at EUR 6.55 at Lang & Schwarz on October 15, 2026 at 8:30 p.m. CEST.

Quarterly earnings provide support

The bank reported quarterly revenue of AUD 912.60 million and net profit of AUD 144.50 million for the period ended June 30, 2026, according to Markets Insider. The same report cited an AUD 10.21 average analyst target, leaving Citi's AUD 9.70 view below that consensus figure.

Price position and trading activity

The ASX listing closed at AUD 10.62 on October 15, 2026, versus AUD 10.23 previously, a plus 3.81 percent daily move. The euro quotation was AUD-free and stood at EUR 6.55 in after-hours trading at Lang & Schwarz at 8:30 p.m. CEST.

Finance data placed Bendigo's 52-week range at AUD 9.81 to AUD 13.11. The current ASX price therefore sat AUD 0.81 above the yearly low and AUD 2.49 below the yearly high. Market capitalization was AUD 6.1 billion, while the trailing P/E ratio was 17.41 and the dividend yield was 6.00 percent.

Valuation against major banks

The valuation sits below the P/E ratios reported for National Australia Bank and ANZ Group Holdings. That comparison matters because Bendigo's market capitalization is also much smaller than the two larger banks.

Comparison with peers

Bendigo and Adelaide Bank (ASX, AUD): plus 3.81 percent, P/E 17.41, market capitalization AUD 6.1 billion.

National Australia Bank (ASX, AUD): plus 3.01 percent, P/E 20.68, market capitalization AUD 123.5 billion.

ANZ Group Holdings (ASX, AUD): plus 1.85 percent, P/E 19.90, market capitalization AUD 117.5 billion.

Investor calendar and market view

The next clearly dated reporting event belongs to the bank's annual results cycle on August 24, 2026, a date reported in market coverage. For the current session, the main measurable contrast is between the AUD 9.70 Citi target and the AUD 10.62 ASX close. The target is AUD 0.92 below the latest ASX price.

Euro quote and Australian valuation

For German-based investors, the euro quote provides a live after-hours reference, while the ASX listing supplies the home-market price, daily move and valuation metrics. The different currencies should be read separately rather than combined into one performance calculation. Bendigo remains positioned as a regional Australian bank with consumer, business and agribusiness operations.

The further course of trading is shown by the continuously updated real-time quote of Bendigo stock.