Bank of Queensland Rating Lowered to Reduce at Morningstar (BOQ)
Bank of Queensland (ASX:BOQ) was downgraded by stock analysts at Morningstar from a “hold” rating to a “reduce” rating in a report issued on Tuesday, Analyst RN reports. They currently have a $12.25 price target on the stock, up from their previous price target of $11.93.
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 assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of A$18.40 ($16.14).
Bank of Queensland (ASX:BOQ) traded down 1.59% during mid-day trading on Tuesday, hitting A$11.750. The stock had a trading volume of 462,796 shares. Bank of Queensland has a one year low of A$7.880 and a one year high of A$12.760. The stock has a 50-day moving average of A$11.96 and a 200-day moving average of A$10.97. The company has a market cap of A$3.756 billion and a price-to-earnings ratio of 20.87.
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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