Morgans sets AUD 35.67 target for National Australia Bank stock
Published on 10/27/2026 at 15:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget and results calendar
- Morgans Financial adjusted its National Australia Bank target to AUD 35.67 on October 26, 2026.
- NAB reported unaudited cash earnings of AUD 1.83 billion for the third quarter ended June 30, 2026, up 2 percent against the first-half quarterly average excluding a large notable item.
- National Australia Bank stock costs EUR 25.55 at Lang & Schwarz on October 27, 2026 at 3:32 p.m. CEST.
- NAB is scheduled to publish its fiscal 2026 results on November 5, 2026.
National Australia Bank (AU000000NAB4) received an adjusted target of AUD 35.67 from Morgans Financial on October 26, 2026, as reported by MarketScreener. National Australia Bank stock was trading at EUR 25.55 at Lang & Schwarz on October 27, 2026 at 3:32 p.m. CEST.
Quarterly earnings remain the anchor
NAB's latest operating evidence came from its third-quarter trading update for the quarter ended June 30, 2026. StockNextt reported unaudited cash earnings of AUD 1.83 billion, up 2 percent against the first-half 2026 quarterly average excluding a large notable item. The net interest margin was 1.79 percent, down 2 basis points against that average.
The update also put gross loans and acceptances at AUD 817.4 billion and customer deposits at AUD 685.4 billion as of June 30, 2026. Both measures increased 2 percent from March 31, 2026, giving investors a concrete balance-sheet comparison alongside the earnings figure.
What does the target imply?
Against the AUD 40.29 primary-market price on October 27, 2026, Morgans' AUD 35.67 target sits 11.47 percent below the price. That calculation places the broker view below the latest Australian quotation, while the euro quote provides the German trading perspective.
Results date sets the next marker
NAB's shareholder centre lists the fiscal 2026 results announcement for November 5, 2026, and identifies an interim dividend of AUD 0.85 per ordinary share for 2026. The company also lists the third-quarter trading update dated August 17, 2026. These dates frame the next formal reporting point and the most recent operating update.
National Australia Bank has a diversified banking model spanning business and private banking, personal banking, corporate and institutional banking, and New Zealand banking. The current figures point investors toward three measurable issues: cash earnings, margin performance and balance-sheet growth.
Stock position and valuation
The primary-market quote was AUD 40.29 on October 27, 2026 at 4:14 p.m. AEDT, with a market capitalization of AUD 125.4 billion, a price-to-earnings ratio of 20.98 and a 52-week range of AUD 35.48 to AUD 49.45. NAB's market value is close to the combined scale of the two other major Australian bank comparisons used by investors, but the target and margin figures remain specific to NAB.
National Australia Bank stock stood at EUR 25.55 at Lang & Schwarz on October 27, 2026 at 3:32 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of National Australia Bank stock.
National Australia Bank stock at a glance
- Company: National Australia Bank Limited
- ISIN: AU000000NAB4
- Ticker: NAB
- Primary exchange: ASX
- Price Lang & Schwarz (as of October 27, 2026, 3:32 p.m. CEST): EUR 25.55
- Market capitalization: AUD 125.4 billion (as of October 27, 2026)
- 52-week range: AUD 35.48-49.45 (as of October 27, 2026)
- Sector / Industry: Financial Services / Banks - Diversified
- Next earnings date: November 5, 2026
Market context: Market report S&P/ASX 200.
