Morgans keeps Sell rating for ANZ Group Holdings stock at AUD 34.44

Published on 10/27/2026 at 16:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ANZ meets shareholders December 17, 2026. ANZ Group Holdings stock costs EUR 25.30 on October 27, 2026, up 2.85 percent versus the Xetra close.

Morgans rating and reporting date

Morgans maintained a Sell rating and set an AUD 34.44 target on October 26, 2026.
ANZ's annual meeting is scheduled for December 17, 2026.
ANZ Group Holdings stock costs EUR 25.30 at Lang & Schwarz on October 27, 2026 at 4:00 p.m. CEST, 2.85 percent above the Xetra close of October 26, 2026.
Quarterly revenue was AUD 31.56 billion versus AUD 35.63 billion a year earlier.

ANZ, AU000000ANZ3, Illustration mit AI erstellt.

ANZ Group Holdings stock was covered by a Morgans Sell rating with an AUD 34.44 price target, according to Markets Insider on October 26, 2026. At Lang & Schwarz, the stock was trading at EUR 25.30 on October 27, 2026 at 4:00 p.m. CEST, up 2.85 percent versus the Xetra close of October 26, 2026 at EUR 24.60.

Analyst target points lower

Morgans' target sits below ANZ's primary-market price. The ASX quote was AUD 39.86 on October 27, 2026, putting the AUD 34.44 target 13.60 percent below that price. The rating and target were reported by Markets Insider.

UBS took a less negative stance in a report dated October 26, 2026, maintaining Hold with an AUD 39.00 target, according to Markets Insider. That target was 2.16 percent below the ASX price, leaving a wide gap between the two broker views.

Price position and bank valuation

ANZ's ASX price of AUD 39.86 stood within its AUD 33.36 to AUD 41.00 52-week range on October 27, 2026. The stock's AUD 120.1 billion market capitalization and 20.34 price-earnings ratio placed it below Commonwealth Bank of Australia's 24.93 ratio but near National Australia Bank's 20.98 ratio.

December meeting carries a date

ANZ's annual general meeting is scheduled for December 17, 2026. The meeting will include a shareholder-proposed climate transition plan resolution, as reported by The Globe and Mail on October 20, 2026.

Comparison with peers

ANZ Group Holdings: down 0.10 percent, price-earnings ratio 20.34, market capitalization AUD 120.1 billion.

Commonwealth Bank of Australia (ASX, AUD): down 0.72 percent, price-earnings ratio 24.93, market capitalization AUD 270.9 billion.

National Australia Bank (ASX, AUD): down 1.73 percent, price-earnings ratio 20.98, market capitalization AUD 125.4 billion.

Quarterly earnings provide a counterpoint

The latest earnings release cited by Markets Insider covered the quarter ending March 31, 2026. Revenue was AUD 31.56 billion, down from AUD 35.63 billion a year earlier, while net profit reached AUD 3.65 billion compared with AUD 3.64 billion.

ANZ Group Holdings was trading at EUR 25.30 at Lang & Schwarz on October 27, 2026 at 4:00 p.m. CEST, 2.85 percent above the Xetra close of October 26, 2026 at EUR 24.60. The further course of trading is shown by the continuously updated real-time quote of ANZ Group Holdings stock.