Bank of Montreal (BMO) Gets a Hold Rating from Barclays

By Carrie Williams

Bank of Montreal (BMOResearch Report), the Financial sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Barclays’ analyst John Aiken reiterates their Hold rating on the shares, with a C$105 price target.

According to TipRanks.com, Aiken is a 1-star analyst with an average return of -2.4% and a 38.3% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

Bank of Montreal has an analyst consensus of Moderate Buy, with a price target consensus of C$114.50.

Bank of Montreal’s market cap is currently C$63.6B and has a P/E ratio of 13.4. The company has a Price to Book ratio of 1.57.

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 Friday at C$98.77.