Bank of Montreal (NYSE:BMO) “Underweight” Rating Maintained Today By Barclays; The TP Given is $71


Bank of Montreal (NYSE:BMO) Rating Reaffirmed

New York: In a very recent research note distributed to Clients on Wednesday morning, Barclays maintained their “Underweight” rating on Bank of Montreal (NYSE:BMO) shares. They now have a $71 target price per share on the company. Barclays’s target gives a potential upside of 18.83% from the company’s last stock price.

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 29.10% above today’s ($59.75) stock price. Bank Of Montreal was the topic of 13 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 2 with “Underweight” rating. RBC Capital Markets maintained BMO stock in a recent report from September 11 with “Sector Perform” rating.

Approximately 714,501 shares of stock traded hands or 30.26% up from the average. 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.

Bank of Montreal (NYSE:BMO)

Bank of Montreal is a financial services company. The company has a market cap of $37.75 billion. The Bank provides a range of retail banking, wealth management, and investment banking services and products. It has 12.62 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).