Bank of Queensland (OTCMKTS:BKQNY) Trading Up 2.9% – Should You Buy?

Bank of Queensland Limited (OTCMKTS:BKQNY)’s share price shot up 2.9% during mid-day trading on Friday . The company traded as high as $8.4650 and last traded at $8.4650. 695 shares traded hands during trading, a decline of 37% from the average session volume of 1,107 shares. The stock had previously closed at $8.2250.

Wall Street Analyst Weigh In

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

Bank of Queensland Stock Up 2.9%

The stock has a 50 day simple moving average of $8.80 and a 200 day simple moving average of $9.63.

Bank of Queensland Company Profile

Bank of Queensland Limited, together with its subsidiaries, provides various financial services in Australia and New Zealand. The company operates in Retail Banking, BOQ Business, and Other segments. It offers personal banking services comprises savings and term deposits, and transactional accounts; debit and credit cards; home, personal, and car loans; and travel, home and content, landlord, and car insurance, as well as investment services comprising online share trading services, and self-managed superannuation funds.