Bank Of Montreal (BMO) Receives Price Target

Bank Of Montreal (BMO) : Average target price received by Bank Of Montreal (BMO) is $64.44 with an expected standard deviation of $3.48. The most aggressive target on the stock is $68, whereas the most downbeat target is $60. 4 financial analysts are currently covering the stock.

Bank Of Montreal (BMO) : The consensus on Bank Of Montreal (BMO) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, In a research note released to the investors, Rafferty Capital upgrades its rating on Bank Of Montreal (NYSE:BMO).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on June 9, 2016.

Bank Of Montreal (NYSE:BMO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.38 and $66.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.52, notching a gain of 0.33% for the day. The total traded volume was 582,839 . The stock had closed at $66.30 on the previous day.

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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