Jefferies cuts PT for Australia's Bank of Queensland on grim loan, margin outlook

Bank of Queensland

15/10/2025 19:55

** Jefferies cuts price target for Bank of Queensland BOQ.AX to A$6.05 from A$6.21, maintains 'underperform' rating for the lender
** Brokerage slashes earnings forecasts for fiscal 2026, 2027, and 2028 by 5%, 12% and 9%, respectively
** Lowers expectations to account for lower mortgage volumes and weaker net interest margin outlook

** Co posted FY25 cash earnings of A$383 million on Wednesday, a 12% gain yoy
** 13 analysts rated 'sell' on avg; median PT of A$6.20, as per LSEG-compiled data
** YTD, shares up 7.8%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))