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Bank of Montreal (BMO) Receives a Buy from National Bank


Bank of Montreal (BMO), the Financial sector company, has received a rating update from a Wall Street analyst today. National Bank’s analyst Gabriel Dechaine reiterates their Buy rating on the shares, with a C$114 price target.

According to TipRanks.com, Dechaine is a 5-star analyst with an average return of 9.6% and a 68.0% success rate. Dechaine covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and Toronto Dominion Bank.

Bank of Montreal has an analyst consensus of Moderate Buy, with a price target consensus of C$110.67, implying a 17.7% upside from current levels. In a report issued on November 22, Canaccord Genuity also maintained a Buy rating on the stock with a C$111 price target.

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The company has a one-year high of C$109 and a one-year low of C$93.60. Currently, Bank of Montreal has an average volume of 1.47M.

Bank of Montreal engages in the provision of banking and financial services to individuals and institutions. It operates through the following segments: Canadian Personal and Commercial Banking (Canadian P&C); United States Personal and Commercial Banking (U.S. P&C); Wealth Management; BMO Capital Markets; and Corporate Services.

The company’s shares closed on Wednesday at C$93.99, close to its 52-week low of C$93.60.