Bank of Queensland (OTCMKTS:BKQNY) Stock Price Down 2.1% – Should You Sell?

Bank of Queensland Limited (OTCMKTS:BKQNY)’s stock price traded down 2.1% on Wednesday . The stock traded as low as $8.70 and last traded at $8.70. 507 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 369 shares. The stock had previously closed at $8.8850.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on Bank of Queensland in a research report on Thursday, October 9th. They set a “sell” rating and a $6.79 target price for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell” and an average target price of $6.79.

Bank of Queensland Stock Performance

The company has a fifty day simple moving average of $8.55 and a two-hundred day simple moving average of $9.28.

About Bank of Queensland

Bank of Queensland Limited (OTCMKTS:BKQNY), commonly known as BOQ, is an Australian retail bank offering a broad range of personal, business and corporate banking services. Its core product suite includes home and personal lending, transactional and savings accounts, credit cards, and term deposits. Beyond traditional banking, BOQ provides wealth management and financial planning services, agribusiness and specialist lending, equipment finance solutions, and a variety of insurance products through subsidiary and partner channels.

Founded in 1874 as the Brisbane Permanent Benefit Building and Investment Society, the institution converted to a full commercial bank and adopted its current name in 1970.