Yesterday, an analyst has provided a rating update for Bank of Montreal (BMO). Analyst Mario Mendonca from TD Securities reiterated a Hold rating, with a C$105 price target.
According to TipRanks.com, Mendonca is a 1-star analyst with an average return of -2.7% and a 32.5% success rate. Mendonca covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.
Bank of Montreal has an analyst consensus of Moderate Buy, with a price target consensus of C$110.20, a 19.8% upside from current levels. In a report issued on December 4, Barclays also maintained a Hold rating on the stock with a C$103 price target.
.
The company has a one-year high of C$109 and a one-year low of C$91.55. Currently, Bank of Montreal has an average volume of 1.54M.
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 Tuesday at C$91.99, close to its 52-week low of C$91.55.
