Bank of Queensland set for weakest session in 6 weeks; Macquarie sees lower earnings

Bank of Queensland

04/04/2025 05:32

** Shares of Bank of Queensland BOQ.AX slide as much as 2.8% to A$6.580, their lowest levels since March 25

** Stock on track for its weakest session since Feb 17, if losses hold

** Analysts at Macquarie keep target price unchanged at A$5.75; the stock's last closing price was A$6.77

** Macquarie forecasts FY26 and FY27 earnings for co to be 6% and 7% below consensus expectations, respectively, mainly due to higher costs

** BOQ falls in line with the larger financial sub-index .AXFJ, which is down about 2.6% to its lowest level since March 21

** BOQ stock up 1.5%, YTD

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))