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Canaccord Genuity Thinks Bank Of Montreal’s Stock is Going to Recover


According to The Fly, in a report released yesterday, Scott Chan CFA from Canaccord Genuity reiterated a Buy rating on Bank Of Montreal (BMO). The company’s shares closed yesterday at $71.84, close to its 52-week low of $71.81.

According to TipRanks.com, CFA has 0 stars on 0-5 star ranking scale with an average return of -4.1% and a 31.4% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bank Of Montreal.

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The company has a one-year high of $84.71 and a one-year low of $71.81. Currently, Bank Of Montreal has an average volume of 671.6K.

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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.