BMO Capital Sticks to Their Buy Rating for BB&T Corp

By Jason Carr

In a report issued on July 9, Lana Chan from BMO Capital reiterated a Buy rating on BB&T Corp (NYSE: BBT), with a price target of $59. The company’s shares closed yesterday at $51.87.

According to TipRanks.com, Chan is a 4-star analyst with an average return of 13.3% and a 70.0% success rate. Chan covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Huntington Bancshares Inc, and TCF Financial Corporation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BB&T Corp with a $58.22 average price target.

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The company has a one-year high of $56.31 and a one-year low of $42.99. Currently, BB&T Corp has an average volume of 3.76M.

Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock.

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BB&T Corp. engages in the provision of banking and trust services through its subsidiaries. It operates through the following segment: Community Banking-Retail; Community Banking-Commercial; Insurance Holdings and Premium Finance; and Financial Services and Commercial Finance; Other, Treasury and Corporate.