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SHARECAFE COMMENTARY

BOQ - Morgans rates the stock as Hold
BY BROKER NEWS - 13/10/2017 | VIEW MORE BROKER UPDATES

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BOQ - BANK OF QUEENSLAND LIMITED.


Morgans was pleasantly surprised by the announcement of a special dividend of 8c per share, fully franked at the FY17 results. FY17 cash earnings were slightly better than forecast.

A further return to shareholders may not eventuate if the company does not operate a dividend reinvestment plan and the broker's forecasts assume that no DRP will operate in respect of the 2018 interim and final dividends.

Target is $12.00. Hold retained.

Sector: Banks.

Target price is $12.00.Current Price is $13.09. Difference: ($1.09) - (brackets indicate current price is over target). If BOQ meets the Morgans target it will return approximately -9% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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