Bank of Montreal Now Covered by Canaccord Genuity (BMO)
Equities research analysts at Canaccord Genuity started coverage on shares of Bank of Montreal (NYSE:BMO) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
A number of other firms have also recently commented on BMO. Analysts at CIBC upgraded shares of Bank of Montreal from an “underperform” rating to a “sector perform” rating in a research note on Friday, March 7th. Analysts at Zacks upgraded shares of Bank of Montreal from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 6th. They now have a $66.70 price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $67.94.
Bank of Montreal (NYSE:BMO) traded down 0.32% during mid-day trading on Thursday, hitting $68.72. 259,310 shares of the company’s stock traded hands. Bank of Montreal has a one year low of $55.61 and a one year high of $71.26. The stock’s 50-day moving average is $67.4 and its 200-day moving average is $66.84. The company has a market cap of $44.324 billion and a price-to-earnings ratio of 10.69.
Bank of Montreal (NYSE:BMO) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $1.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.37 by $0.08. Analysts expect that Bank of Montreal will post $6.41 EPS for the current fiscal year.
Bank of Montreal (NYSE:BMO) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services.
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