Citi kept Sell rating for Bendigo stock at AUD 9.70

Published on 10/13/2026 at 05:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Quarterly revenue reached AUD 912.60 million for the June quarter. Bendigo stock is due to report on November 13, 2026.

Key points in brief

Citi maintained a Sell rating on Bendigo and Adelaide Bank with an AUD 9.70 price target on October 11, 2026.
The ASX-listed bank traded at AUD 10.49 on October 13, 2026, while its market capitalization was AUD 5.9 billion.
The latest reported quarter produced AUD 912.60 million in revenue and AUD 144.50 million in net profit.
The next earnings date is November 13, 2026.

Bendigo, AU000000BEN6, Illustration mit AI erstellt.

Bendigo and Adelaide Bank (ISIN AU000000BEN6) faced a fresh analyst warning after Citi maintained its Sell rating and set an AUD 9.70 price target on October 11, 2026. The target sits below the bank's ASX quotation, giving investors a clear valuation marker rather than a new corporate announcement.

Citi target stays below ASX price

According to Markets Insider on October 11, 2026, Citi analyst Thomas Strong maintained a Sell rating and set the AUD 9.70 target. Bendigo and Adelaide Bank was trading at AUD 10.49 on ASX at 1:50 p.m. AEDT on October 13, 2026, so the target was 7.53 percent below that quoted price.

The comparison is material because the bank's market capitalization stood at AUD 5.9 billion on October 13, 2026. Its 52-week range was AUD 9.81 to AUD 13.11, placing the Citi target below the lower end of that range while the ASX price remained above it.

What do the latest figures show?

Markets Insider reported that the quarter ended June 30, 2026 produced revenue of AUD 912.60 million and net profit of AUD 144.50 million. Those figures provide the operating backdrop for the rating, although the source does not present them as a forecast or guidance range.

The bank's investor centre identifies financial results, trading updates, regulatory disclosures and shareholder information as its main reporting channels. For the next scheduled catalyst, Investing.com lists November 13, 2026 as the next earnings date.

Euro quote remains dated

The last available Lang & Schwarz quote was EUR 6.45 on October 12, 2026 at 11:00 p.m. CEST. The euro quote is a separate German-market reference from the ASX price and carries no percentage comparison here because the dated Xetra reference close is not established.

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