Morgans keeps trim rating on National Australia Bank stock at AUD 35.67
Published on 10/27/2026 at 09:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWorkforce changes and broker view
- NAB announced plans for up to 2,500 job cuts and an AUD 300.00 million restructuring charge on October 20, 2026.
- Morgans retained its trim rating and set an AUD 35.67 target on October 25, 2026.
- NAB stock was trading at EUR 25.41 at 9:30 a.m. CEST at Lang & Schwarz on October 27, 2026.
National Australia Bank (ISIN AU000000NAB4) was trading at EUR 25.41 at Lang & Schwarz on October 27, 2026, while Morgans retained a trim rating and set a target of AUD 35.67, according to The Motley Fool Australia in coverage published on October 27, 2026. The combination leaves the broker view centered on moderating balance sheet growth ahead of the annual results.
Restructuring puts costs in view
National Australia Bank announced on October 20, 2026, that it would simplify its operating model and align its workforce with growth and technology priorities, according to NAB. The bank plans to cut up to 2,500 roles by the end of the fiscal year ending September 30, 2027, with about 1,500 reductions planned by the end of 2026.
MarketScreener reported that the restructuring would carry a pretax charge of AUD 300.00 million. The figure gives the workforce plan a direct earnings cost, even as management presents the changes as a way to simplify operations and reduce external contractor use.
Three dates frame the story
NAB's September business survey showed confidence falling 4 points to minus 13 on October 13, 2026, according to MarketScreener. The restructuring announcement followed on October 20, and Morgans' AUD 35.67 target was reported on October 27 after the broker retained its trim view.
What comes next for NAB?
The next scheduled company milestone is the full-year results announcement on November 5, 2026, listed in NAB's shareholder center. That date makes the broker's earnings revisions and the AUD 300.00 million restructuring charge the key figures for assessing the bank's cost trajectory.
Price stays near the German quote level
National Australia Bank has a market capitalization of AUD 125.4 billion, while its 52-week range is AUD 35.48 to AUD 49.45, based on the latest market data. Its primary listing is on the Australian Securities Exchange, where the latest quoted price was AUD 40.29 on October 27, 2026, with the market shown as closed.
At Lang & Schwarz, National Australia Bank was trading intraday at EUR 25.41 on October 27, 2026, at 9:30 a.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 facts
- Company: National Australia Bank Limited
- ISIN: AU000000NAB4
- Ticker: NAB
- Primary exchange: Australian Securities Exchange
- Price Lang & Schwarz (as of October 27, 2026, 9:30 a.m. CEST): EUR 25.41
- Market capitalization: AUD 125.4 billion (as of October 27, 2026)
- 52-week range: AUD 35.48-AUD 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.
