Tower stock holds at NZD 0.80 as Citi keeps Buy rating

Tower stock traded at NZD 0.80 on September 23, 2026, on the NZX, giving investors a dated market reference for Tower Limited (ISIN NZTWRE0011S2). The Globe and Mail reported on September 23, 2026, that Citi analyst Donna Fu maintained a Buy rating and set a price target of A$1.80.

Citi keeps its A$1.80 target

The analyst view gives Tower stock a specific external valuation reference, but the target is quoted in Australian dollars while the primary listing trades in New Zealand dollars. The report also cited a one-year high of N$2.17 and a one-year low of N$1.69, figures that describe the quoted market context rather than the NZX reference price.

The same September 23, 2026 report listed average volume of 237,800 shares. That figure is materially smaller than the high-volume data shown for the unrelated Tower Resources PLC security, so the two issuers should not be combined in one market comparison.

Market data needs issuer discipline

Tower Limited is the New Zealand insurance issuer identified by ISIN NZTWRE0011S2, while Tower Resources PLC uses a different security and ticker context. The available current report therefore supports Citi's A$1.80 target and the Tower Limited trading context, but it does not provide a verified Tower Limited revenue, earnings, margin or guidance figure for a recent reporting period.

For investors, the important comparison is between the NZX quote of NZD 0.80 on September 23, 2026 and Citi's A$1.80 target reported on the same date. Because the currencies and quotation venues differ, the two values are not a direct percentage-upside calculation.

Tower stock stays tied to NZX data

Tower stock was quoted at NZD 0.80 on the NZX as of September 23, 2026. The market reference should be read separately from Citi's A$1.80 target because the report uses a different currency and does not establish a conversion rate.

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