Bank Of Montreal (BMO) Receives Analyst Rating

Bank Of Montreal (BMO) : Zacks Investment Research ranks Bank Of Montreal (BMO) as 2, which is a Buy recommendation. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 3, which indicates as a Hold.

Bank Of Montreal (BMO) stock is expected to deviate a maximum of $3.48 from the average target price of $64.44 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $68 and the most muted being $60.


Also, Brokerage firm Rafferty Capital upgrades its rating on Bank Of Montreal (NYSE:BMO). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 9, 2016.

Bank Of Montreal (NYSE:BMO): After opening at $64.42, the stock dipped to an intraday low of $64.42 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $65.36 and the buying power remained strong till the end. The stock closed at $65.09 for the day, a gain of 1.13% for the day session. The total traded volume was 672,240. The stocks close on the previous trading day was $64.36.

Bank of Montreal (BMO) is a financial services company. The Bank provides a range of retail banking, wealth management, and investment banking products and services. It conducts its business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets. The Bank operates primarily in Canada and the United States. It also has operations in the United Kingdom, Europe, the Caribbean and Asia. It also serves customers through its wealth management businesses: BMO Nesbitt Burns, BMO InvestorLine, BMO Private Banking, BMO Global Asset Management and BMO Insurance. BMO Capital Markets, its investment and corporate banking and trading products division, provides a suite of financial products and services to North American and international clients. In the United States, BMO serves customers through BMO Harris Bank, based in the United States Midwest with more than two million retail, small business and commercial customers.

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