Jefferies cuts PT on Australia's Bank of Queensland; stock up on broader gains

Bank of Queensland

16/10/2025 02:10

Updates

** Bank of Queensland BOQ.AX rises as much as 1% to A$7.29, in line with benchmark index .AXJO, which hit record high .AX

** Jefferies cuts PT to A$6.05 from A$6.21; maintains "underperform"

** Slashes earnings forecasts for FY26, FY27, FY28 by 5%, 12% and 9%, respectively

** Lowers expectations to account for lower mortgage volumes, weaker net interest margin outlook

** Co posts FY25 cash earnings of A$383 mln ($248.6 mln), a 12% gain y/y

** Stock rated "sell" on avg; median PT is A$6.20, per LSEG-compiled data

** YTD, BOQ gains 8.1%

($1 = A$1.5404)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))