In a latest note to investors, a research analyst has provided a rating update for the Bank of Montreal (BMO). Yesterday, analyst John Aiken gave a Hold rating to BMO and set a C$103 price target.
According to TipRanks.com, Aiken is ranked 0 out of 5 stars with an average return of -2.7% and a 35.4% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.
Currently, the analyst consensus on Bank of Montreal is a Moderate Buy with an average price target of C$110, which is a 14.7% upside from current levels. In a report released yesterday, TD Securities also downgraded the stock to Hold with a C$110 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; United States Personal and Commercial; Wealth Management; BMO Capital Markets; and Corporate Services.
The company’s shares closed on Wednesday at C$95.88, close to its 52-week low of C$93.60.
