Brokerage Firm Rating Update on Bank Of Montreal (BMO)

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) : 4 investment research analysts covering Bank Of Montreal (BMO) have an average price target of $64.44 for the near short term. The highest target price given by the Brokerage Firm to the stock is $68 and the lowest target is $60 for the short term. Analysts expect the variance to be within $3.48 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Rafferty Capital upgrades its ratings on Bank Of Montreal (NYSE:BMO). According to the latest information available, the shares are now rated Buy by the analysts at the agency. 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): stock was range-bound between the intraday low of $66.78 and the intraday high of $67.69 after having opened at $67.47 on Wednesdays session. The stock finally closed in the red at $67.47, a loss of -0.56%. The stock remained in the red for the whole trading day. The total traded volume was 516,669 shares. The stock failed to cross $67.69 in Wednesdays trading. The stocks closing price on Thursday was $67.45.

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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