Bank Of Montreal (TSE:BMO) Rating Reaffirmed
The brokerage firm has just set a target price of $84.00 on Bank Of Montreal (TSE:BMO) shares. This is 5.34% from the last price. In an analyst research report disseminated on Wednesday morning, RBC Capital Markets kept steady their “Sector Perform” rating on shares of BMO.
From a total of 16 analysts covering Bank Of Montreal (TSE:BMO) stock, 3 rate it a ”Buy”, 2 a “Sell”, and 11 a ”Hold”. This means that 19% of the ratings are positive. The highest target price is $69.54 while the lowest target price is $53.09. The mean of all analyst targets is $60.24 with a -0.31% below today’s ($79.92) stock price. Bank Of Montreal was the topic of 9 analyst reports since August 20, 2015 according to the firm StockzIntelligence Inc.
Approximately 1.08M shares of stock traded hands. Banque De Montreal (TSE:BMO) has declined 1.78% since April 29, 2015 and is downtrending. It has underperformed by 1.58% the S&P500.
Bank of Montreal is a financial services company. The company has a market cap of $51.36 billion. The Bank provides a range of retail banking, wealth management, and investment banking services and products. It has 12.64 P/E ratio. It conducts its business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.
According to Zacks Investment Research, “Bank of Montreal is one of the largest banks in North America, is also one of Canada’s oldest banks. The bank offers a complete range of financial services in our chosen markets on both sides of the Canada-United States border. The bank offers to all of their clients not just financial products, but knowledge-based solutions, custom-made to add value in their financial affairs.” Get a free copy of the Zacks research report on Banque De Montreal (BMO).