Bank of Montreal (NYSE:BMO) (TSE:BMO)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity in a report released on Tuesday. They presently have a $105.00 target price on the bank’s stock. Canaccord Genuity’s target price suggests a potential upside of 34.53% from the stock’s previous close.

BMO has been the subject of several other reports. Scotiabank reaffirmed a “buy” rating and issued a $112.00 price objective on shares of Bank of Montreal in a report on Wednesday, November 22nd. Macquarie assumed coverage on Bank of Montreal in a report on Tuesday, October 24th. They issued a “neutral” rating and a $81.00 price objective for the company. Zacks Investment Research cut Bank of Montreal from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, BidaskClub raised Bank of Montreal from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Bank of Montreal currently has an average rating of “Hold” and a consensus price target of $98.20.

Bank of Montreal (NYSE:BMO) traded down $0.23 during trading hours on Tuesday, reaching $78.05. The company had a trading volume of 540,200 shares, compared to its average volume of 425,200. The firm has a market cap of $50,803.72, a PE ratio of 12.44, a P/E/G ratio of 2.19 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. Bank of Montreal has a 1-year low of $66.75 and a 1-year high of $79.02.

Institutional investors and hedge funds have recently modified their holdings of the company. Hudock Capital Group LLC grew its position in Bank of Montreal by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 2,593 shares of the bank’s stock worth $190,000 after acquiring an additional 9 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in Bank of Montreal by 1.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,392 shares of the bank’s stock worth $102,000 after buying an additional 15 shares during the period. Thompson Investment Management Inc. lifted its holdings in Bank of Montreal by 1.6% during the 2nd quarter. Thompson Investment Management Inc. now owns 5,767 shares of the bank’s stock worth $424,000 after buying an additional 90 shares during the period. IFP Advisors Inc lifted its holdings in Bank of Montreal by 11.5% during the 2nd quarter. IFP Advisors Inc now owns 1,604 shares of the bank’s stock worth $118,000 after buying an additional 166 shares during the period. Finally, Moors & Cabot Inc. lifted its holdings in Bank of Montreal by 7.1% during the 2nd quarter. Moors & Cabot Inc. now owns 3,065 shares of the bank’s stock worth $225,000 after buying an additional 202 shares during the period. Institutional investors own 42.78% of the company’s stock.

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Bank of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

Analyst Recommendations for Bank of Montreal (NYSE:BMO)

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