Bank of Montreal (NYSE:BMO) (TSE:BMO)‘s stock had its “hold” rating reaffirmed by research analysts at Canaccord Genuity in a research note issued on Tuesday. They currently have a $105.00 price objective on the bank’s stock. Canaccord Genuity’s target price would indicate a potential upside of 34.53% from the stock’s current price.
Several other research firms have also recently issued reports on BMO. BidaskClub cut shares of Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Macquarie initiated coverage on shares of Bank of Montreal in a research note on Tuesday, October 24th. They set a “neutral” rating and a $81.00 target price on the stock. Finally, Scotiabank restated a “buy” rating and set a $112.00 target price on shares of Bank of Montreal in a research note on Wednesday, November 22nd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $98.20.
Bank of Montreal (NYSE:BMO) traded down $0.23 on Tuesday, reaching $78.05. 540,200 shares of the company’s stock traded hands, compared to its average volume of 425,200. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The company 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. Bank of Montreal has a 1-year low of $66.75 and a 1-year high of $79.02.
About Bank of Montreal
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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