Bank of Queensland Downgraded by Morningstar to Reduce (BOQ)
Bank of Queensland (ASX:BOQ) was downgraded by Morningstar from a “hold” rating to a “reduce” rating in a research note issued on Monday, Analyst Ratings News reports. They currently have a $12.25 price target on the stock, up from their previous price target of $11.93.
Shares of Bank of Queensland (ASX:BOQ) opened at 11.870 on Monday. Bank of Queensland has a 52-week low of A$7.880 and a 52-week high of A$12.760. The stock’s 50-day moving average is A$11.98 and its 200-day moving average is A$10.87. The company has a market cap of A$3.794 billion and a price-to-earnings ratio of 20.93.
Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Bank of Queensland in a research note to investors on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of A$18.40 ($16.57).
Bank of Queensland Limited (ASX:BOQ) is an Australia-based bank engaged in the provision of financial services and insurance to the community.
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