Is Bank of Montreal (NYSE:BMO) Now a ‘Buy’? Why did TD Securities Upgrade The Stock?


Bank of Montreal (NYSE:BMO) Stock Upgrade

In a recent report revealed to clients and investors on 2 December, equity research analysts at the TD Securities stock research division hiked shares of Bank of Montreal (NYSE:BMO) stock from a Hold to a respectable Buy rating.

From a total of 6 analysts covering Bank Of Montreal (NYSE:BMO) stock, 0 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is $65.61 while the lowest target price is $54.63. The mean of all analyst targets is $60.25 with a 30.01% above today’s ($59.45) stock price. Bank Of Montreal was the topic of 11 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on September 11 with “Sector Perform” rating.

Approximately 508,925 shares of stock traded hands. Banque De Montreal (USA) (NYSE:BMO) has declined 11.75% since April 29, 2015 and is downtrending. It has underperformed by 11.55% the S&P500.

 Is Bank of Montreal (NYSE:BMO) Now a ‘Buy’? Why did TD Securities Upgrade The Stock?

Bank of Montreal is a financial services company. The company has a market cap of $38.21 billion. The Bank provides a range of retail banking, wealth management, and investment banking services and products. It has 12.56 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 (USA) (BMO).