Bank of Montreal (BMO) Earns “Hold” Rating from Canaccord Genuity
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.
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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.
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