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Bank of Montreal (TSE:BMO) has been given an average recommendation of “Hold” by the twelve brokerages that are covering the stock, Analyst Ratings News reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$78.83.

Shares of Bank of Montreal (TSE:BMO) traded down 0.29% on Wednesday, hitting $79.54. 172,283 shares of the company’s stock traded hands. Bank of Montreal has a 52 week low of $63.57 and a 52 week high of $82.79. The stock has a 50-day moving average of $80.13 and a 200-day moving average of $75.54. The company has a market cap of $51.303 billion and a price-to-earnings ratio of 12.20.

Bank of Montreal (TSE:BMO) last posted its quarterly earnings results on Thursday, May 29th. The company reported $1.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.53 by $0.10. On average, analysts predict that Bank of Montreal will post $6.53 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on BMO shares. Analysts at CIBC raised their price target on shares of Bank of Montreal from C$81.00 to C$86.00 in a research note on Tuesday. They now have a “sector perform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Bank of Montreal from C$81.00 to C$84.00 in a research note on Monday, June 9th. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 30th. They now have a C$77.00 price target on the stock, up previously from C$76.00.

Bank of Montreal (TSE: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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